Abstract: This paper,from the perspective of circular economy,explores the interrelationship between the institutional innovation of property right and the technology innovation.A conclusion is drawn that technology innovation is the fundamental route to enlarge resource supply and develop circular economy;the innovation of industry organization is to utilize resources in a circular way to promote efficiency;technology innovation and the innovation of industry organization closely depend on the institutional innovation of property right,which in turn is the fundamental institutional guarantee for the development of circular economy.

Key words: circular economy, technology innovation, innovation of industry organization, property right system