Abstract：China has cleared the goal of land system reform, and started a new round of land system change after the rural household contract responsibility system and state-owned land transfer system. Recently, we conducted a field research on Beijing Daxing District that undertake the reform.
The research reflects that the rural collective land designated for business-related construction move to the market will change the past land management mainly originates from the state expropriation, which has a great influence on land resource allocation mechanism, the money supply and the formation of financial assets, the local finance and the financial risk management, the collective economy and the regional economic new kinetic energy transformation. The policy concerns are to maintain the balance between financial sustainability and members' equity in collective economic organizations, to ensure public services do not "shrink", and to avoid becoming a new form of land finance, prevent financial risks and so on. We suggest to standardize local government and the rural collective land designated for business-related construction market related income policies, improve the degree of organization of farmers, and constantly improve the governance and management capacity of collective economic organizations, reasonable division of government and collective responsibility for public services, the reconstruction of the rational relationship between public finance and land management, the implementation of financial hard constraints, form the source to avoid the formation of new risks.
Key words: collective land；land resource allocation mechanism；public service