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This paper selects the 50 state-level poverty-stricken counties in Guizhou province as the research object, and uses financial scale, financial efficiency and financial structure to represent the level of financial development in each county, using economic growth and income distribution as controlled variable. The poverty of every county is expressed by poor slow index. Applying the panel data model, the promotion of local financial development to the targeted poverty alleviation is studied. The empirical evidence shows that the financial scale, financial efficiency, financial structure, economic growth and poverty reduction of 50 national poverty stricken counties in Guizhou province are positively correlated. However the financial scale is more significant to reduce the incidence of poverty than that of financial efficiency.