We study the correlation between the [O III] and X-ray luminosities of local Active Galactic Nuclei (AGNs), using a complete, hard X-ray ( keV) selected sample in the Swift/BAT 9-month catalog. From our optical spectroscopic observations at the South African Astronomical Observatory and the literature, a catalog of [O III] line flux for all 103 AGNs at Galactic latitudes of is complied. Significant correlations with intrinsic X-ray luminosity () are found both for observed () and extinction-corrected ($L_{\rm [O~III]}^{\rm cor}$) luminosities, separately for X-ray unabsorbed and absorbed AGNs. We obtain the regression form of $\propto L_{\rm 2-10; keV}^{1.18\pm0.07}L_{\rm [O~III]}^{\rm cor}$ $\propto L_{\rm 2-10; keV}^{1.16\pm0.09}$ from the whole sample. The absorbed AGNs with low (0.5%) scattering fractions in soft X-rays show on average smaller $L_{\rm [O~III]}/L_{\rm X}L_{\rm [O~III]}^{\rm cor}/L_{\rm X}$ ratios than the other absorbed AGNs, while those in edge-on host galaxies do not. These results suggest that a significant fraction of this population are buried in tori with small opening angles. By using these vs. correlations, the X-ray luminosity function of local AGNs (including Compton thick AGNs) in a standard population synthesis model gives much better agreement with the [O III] luminosity function derived from the Sloan Digital Sky Survey than previously reported. This confirms that hard X-ray observations are a very powerful tool to find AGNs with high completeness.

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