Four transition metal oxides, MoO3, Fe2O3, Co3O4, and NiO, were supported on USY molecular sieves by equal volume impregnation to prepare Mo/USY, FeMo/USY, CoMo/USY and NiMo/USY catalysts, and characterized by ICP, XRD, BET, NH3-TPD, TG. The pyrolysis experiments of Shendong coal were conducted in a powder-particle fluidized bed reactor. The results showed that the yield of the semi coke was basically around 65% with different catalysts. Compared with SiO2, the content of phenols was reduced from 36.95% to 5.08%, and the content of naphthalenes was increased from 8.24% to 72.76% in tar by USY molecular sieve. Compared with USY molecular sieve, gas product yield, liquid product yield, and content of naphthalenes was decreased by 4.4%, 30.0% and 18.5% by Mo/USY, respectively. The effects of Fe2O3, Co3O4 and NiO on the modification of Mo/USY were obvious, which reduced the carbon accumulation rate of the catalyst and increased the yield of CH4, C2, C3, CO2 and the total gas. The aromatization of the products and the formation of naphthalenes were enhanced by FeMo/USY. The aromatization reaction of the product was enhanced, but the formation reaction of naphthalenes was inhibited by CoMo/USY. The aromatization reaction of the products and the formation reaction of naphthalenes were inhibited by NiMo/USY.