Local financing platform debt is one of important macroeconomic risks of our country. Existing documents pay attention to the whole debt level of financing platforms, while ignoring the difference among different levels of financing platforms. Using financial data of 35 financing platforms of Anhui Province (during 2001—2012), we hold an empirical research on the differences among responsibility, financing ability and debt ratio between provincial and regional financing platforms. We find:regional platforms get more subsidy from government than provincial platforms; provincial platforms have higher bank loan financing ratio than regional platforms; due to larger investment scale, low profitability and strong debt financing ability, provincial platforms have higher debt ratio than regional platforms.