Theresearchofinfluentialfactorsonregionalpropertyrightmarketisalwaysanattractiveissueintheacademiccircle。Thepaper，fromtheperspectiveoflawandeconomics，inspectstheimpactofdifferencesinlegalenvironmentonthelocalpropertyrightexchangemarketthroughthepaneldataofthirtyprovincesinChinafromtheyear2005to2009，andanalyzesthediverseinfluenceofdifferencesinlegalenvironmentonthelocalstateownedandnon-stateownedpropertyrightexchangemarket。Basedontheconclusionofempiricalanalysis，thepaperprovidessomesuggestionontheadvancementofpropertyrightmarket。