Abstract: Forestry finance is a new research field which springs from the combination of finance and forestry industry. Through review on the research of forestry finance at home and abroad, this paper puts forward a research framework of forestry finance system in China. From aspects of financial demand of customers, financial supply at the micro-level, financial infrastructure at medium level and policy support at macro-level, the authors expound problems such as relationship between forestry industry and finance, demand characteristics of forestry finance, and supporting framework of forestry finance. Co-existing mechanism of forestry industry and finance is established to achieve the harmonious development of forestry industry and finance.