Abstract: The importance of the circulation of contractual right of land in Countryside lies not only in its close relationship with peasants' cultivation and living but also in its influence on the process of industrialization management of agriculture and the efficiency of land exploitation. As a rising mode of capital operation, capital subscription via contractual right of rural land, a key step in urbanization, is lawful and pressing. However, the legal stipulation of capital subscription via contractual right of rural land is far from sound and problems appear, which calls for perfection of it.