A novel and simple approach for preparing graphene quantum dots surface-passivated by polyethylene glycol (GQDs-PEG) has been developed by a one-pot hydrothermal reaction, using small graphene oxide (GO) sheets and polyethylene glycol (PEG) as starting materials. The prepared GQDs-PEG show excellent luminescence properties, the PL quantum yield of the GQDs-PEG with 360 nm emission was about 28.0%, which was two times higher than the pure GQDs. Interestingly, the GQDs-PEG possess the upconversion photoluminescence (UCPL) properties. Blue PL was clearly shown both under the ultraviolet and 808 nm laser in the fluorescent microscopy images. So the GQDs-PEG may provide a new type of fluorescence and upconversion material for applications in bioscience and energy technology. Especially, the GQDs-PEG showed higher photocurrent generation capability. And their photoelectrode generated an obvious and stable photocurrent under a 808 nm near-infrared (NIR) laser. Due to the low cost and simple method, GQDs-PEG thus provide a cost-effective dopant material for solar energy conversion.
    
         
            
                 
             
                     
                    
                        
                            
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