Abstract:Property rights conceive of ownership belonging to legal owners when they deal with their possession.The first basic mission of property rights law is to build the system of property rights and to determine the basic order of social resources ownership.The second basic mission is to protect the safety of transactions.The purpose of enacting property rights law is to protect basic economic systems in this country;to order and guard the private possessions owned by individuals and the safety of transactions.In the progress of enacting property rights law,there are arguable issues as follows:whether if and how to insist and realize public ownership;how to order the collective ownership;how to deal with private ownership in our country;how to protect the safety of transactions;how to refer to foreign and history experience.There are 5 series and 19 chapters,247 articles altogether in property rights law.The innovations of it are as follows:reach the needs of public ownership in civil rights’way;order the principle of protection equally;admit the legal position of private ownership;build sets of strengthening protecting measures to guard possession rights of common individuals;adopt scientific ways to adjust economic system.