The Property Right Chapter of Civil Code has established three criteria for judging “authentic property right”, namely, publicity criterion, de facto criterion and criterion of consensus. Based on the nature of absolute right, a property right displayed via publicity mechanism is usually recognized as the authentic property right, which is called publicity criterion. This criterion is not unique. Under special legal stipulations, objective facts that directly trigger property right alteration such as expropriation will have impact on the judgment, which is called the de facto criterion. Publicity inconsistent with objective facts constitutes error, and that publicized right shall not be deemed as an authentic property right. Moreover, where permitted by law, the consensus of the parties in contracts such as in land contracting contracts can be applied as the criterion of consensus. When there is no third party involved, the authentic property right should be judged in accordance with the criterion of consensus rather than the publicity criterion.