Based on rebuilding similar evaluation environment, the authors evaluate Shanghai city adopting the indexes used by Wired magazine for evaluating global technological innovation hubs. The results show that the main difference between Shanghai and foreign cities is not the technicians and their creativity, but the environment of technological market, namely the ability of technology transferring into productivity. Therefore, in order to build Shanghai into a global technological innovation hub, it is important to not only develop technology itself, but also establish the environment for realizing new technology. To meet the external needs of realizing technology, it is urgent to inspire scientists with property right and cultivate technological innovation environment for entrepreneurs.