As the scale of China’s outward foreign direct investment (OFDI) continues to expand, more and more scholars have begun to discuss the influence of OFDI on enterprise technological innovation. In order to be able to deeply explore the impact of enterprises’ OFDI activities on enterprise technological innovation, this paper combines relevant enterprise data from 2015 to 2017 and uses the new method to test the “technological innovation effect” produced by the OFDI of Chinese enterprises. Finally, this paper concluded that the development of OFDI activities of enterprises can promote the improvement of the level of technological innovation of enterprises, and this promotion has a lag effect. R&D-type OFDI activities play a vital role in promoting the ability of technological innovation of enterprises. Compared with low-income host countries, investment in high-income host countries has a greater effect on promoting the ability of technological innovation of enterprises.
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