Local governmental financing platform has started to explore its transformation path. ANBOUND senior researcher He Jun states that almost all the local financing platform enterprises, without exception, have chosen to raise fund by using land banking from the government. Therefore, how to effectively separate the financing function, avoid the confusion of mutual interests and reduce the impact on financial institutions, like trust company and commercial banks etc, are all difficult tasks. With a falling real estate market and a declining land economic mode, many financing platform enterprises may face adverse conditions.