Abstract: Circular economy emphasizes on sustainable development and green finance adherent to environmental protection. Based on the panel data of 12 cities in Hubei Province from 2009 to 2020, an evaluation index system of circular economy and green finance was established by using the entropy method. The coupling coordination model and exploratory spatial data analysis method were used to analyze the coupling coordination level and spatio-temporal distribution characteristics of circular economy and green finance in Hubei Province. The research indicated that: (1) The development of circular economy in Hubei Province showed an upward trend from 2009 to 2020. Meanwhile, green finance showed an increase in volatility. The development level of green finance lagged behind the development level of circular economy. (2) The coupling level of circular economy and green finance in Hubei Province was high. In the time dimension, the coupling level of circular economy and green finance in 12 cities was developing continuously. In the spatial dimension, the development of coupling level in 12 cities was evenly distributed. (3) The coupling coordination level of circular economy and green finance in Hubei province was gradually increasing, with the overall distribution characteristic of high in the east and west, and low in central Hubei in space; Wuhan was in the lead among the 12 cities in Hubei Province. (4) From 2009 to 2020, there was a significant spatial negative auto-correlation between the coupling and coordination level of circular economy and green finance system in Hubei Province. It showed “high-low” aggregation from the center, Wuhan, which indicated that there was an obvious spatially discrete characteristics between the two systems of prefecture-level cities in Hubei Province. At last, to further improve the coupling and coordination level of circular economy and green finance system, and promote the coordination between economic development and environmental protection in Hubei Province, corresponding policy suggestions were put forward.