In this work, multiple rheological and molecular structure characterization methods are utilized to investigate the melt post‐polycondensation (MPP) process of polycarbonate (PC) at high temperatures (260–300°C) under a nitrogen atmosphere. We find some unexpected phenomena that the complex viscosity of PC melt rise rapidly and it reaches an extraordinarily high value of about 106 Pa·s during the MPP process of 10 h at 300°C. Dissoluble PC and insoluble gel residue are separated and both fractions are analyzed by gel permeation chromatography, 1H‐NMR, and pyrolysis‐gas chromatography mass spectrometry. Results show that the molecular weight of dissoluble PC significantly increases at the early stage of the reaction (less than 1 h). After that, it continues to reduce due to the occurrence of branching reactions and degradation reactions caused by high temperature reactions for a long time. Chemical structure analysis indicates that the same two branched structures are discovered in both dissoluble PC and insoluble gel residue, the changes in structures indicate that no new structures are formed during the crosslinking reaction. According to this study's results, we clearly understand the correlation between the rheological properties and structural changes for PC in the MPP progress.