Chongqing is an experimental zone for overall urban and rural development. A spotsurvey is conducted on the status quo of residence site utilization, residence site property right status and residence site collateralization financing will of peasant household in specific areas of Chongqing. Analysis indicates that most peasants have strong property consciousness on their residence sites, hope that the state could lift all kinds of limitations on the transfer of their residence sites to maximize their economic benefit. Thus, China should bestow the peasants with complete rights on occupation, use and treatment of their residence sites, further launch the registration and identification of their residence sites, define attribution of asset right of their residence sites, gradually lift the policy limitations on residence site collateralization and weaken social risk for the collateralization of the residence sites.