Research on the Market System Construction of the Chinese Property Rights Exchange

The function of property rights exchange is to provide circumstance for property rights to promote the reasonable flow of resources.But in the market system of property rights exchange in China there exist problems in the following aspects: the price formation mechanism,the forms of property rights exchange,market barrier,information disclosure,and market supervision etc,which root in the absence of the transferor's title to property,the imperfection of the legal system,and the shortage of professionals.The ideal mode for the market system development of the property rights exchange in China is one with the trinity of a perfect property market,a primary capital market and a selective international market.