ANBOUND research team states, under the promotion of government debt mechanism reform, the reform of investment and financial mechanism needs to follow ANBOUND mutual fund pattern to take in government credit and establish guidance fund, on the basis of the multi-level capital market and mixed ownership reform. Only in this way, could we enhance capital initiatives of local society and drive mutual investment of both the industrial development and public service projects, which define the way of local financial reform in combination with industry and finance.