On the Legal Reform of Property Relation by Mineral Royalty

Royalty is a manifestation of property relations both in the field of intellectual property and the natural resources,and the bundle of rights from the property right as the parent right is the real right obtained from economic consideration with royalty by the usufructuary.Using the concept of property rights,we can reconstruct the mineral ownership structure from the perspective of property relations,and cultivate the capital mechanism which reflects the owners' equity of state-owned mineral resources through the market connecting resources property with usufruct by the mineral royalty which is treated as the economic ties,for the objective that state-owned mineral assets could be really transformed into state-owned capital and that value-added benefits due could be gained in the social production.