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Prosperity and development of society depend on reasonable policies. However, some factors such as problem affirmation, information resources, executor of policy and so on can arouse policy failure. Financial policy failure is one of the fundamental causes of the current financial crisis originated in the US. In order to prevent occurring of similar crisis in China, efforts should be devoted to promoting technology innovation by means of financial development on the one hand, and devoted to developing E-government on the other hand. Financial system needs not only to provide financing for technology innovation, but also to promote technology innovation by means of financial services in respects such as information processing, risks management, supervision and incentive. E-Government can not only help officials to make scientific decisions and establish effective supervision system, but also help object of policy to understand policies better. Therefore, we should concentrate our efforts on developing E-Government in order to avoid policy failure.