By observing the data of local state owned listed companies in the “A” share from the year 2001 to 2009, the empirical results indicate that: in order to purchase the promotion which based on the increase of GDP in the tenure of office, the promotion pressure significantly affects the orientation changes. When the province has less loan dropped and the company has less long term loan, the promotion pressure will lead to more orientation changes. This indicates that the government of regional capital markets and corporate internal capital markets will affect the promoted changes of pressure on fund raising role. Further it is found that in areas with a high degree of market and provincial level SOEs, the impact will be stronger on the internal capital market; but in the areas with a low degree of market and the city/county level SOEs, the impact will be stronger in the government regional capital markets.