Chongqing’s securitized land exchange system is an important practice in China’s urban and rural construction land on quota of the increase and decrease, uses land reclamation first and then expropriation of the land to replace firstly expropriating the land and then land reclamation, has set up unified urban and rural land factor market, unveils rural land value, has optimized the space layout of arable land and construction land and is of important significance to furthering China’s overall urban and rural development. Chongqing’s securitized land exchange system is continuously perfected in practice and is stable and good in operation but has some problems. In order to deepen overall urban and rural land system reform, the peasants should be encouraged to take part in the land reclamation, the inspecting and accepting link of the land reclamation should be standardized, the price of securitized land should be dynamically regulated, the application range of securitized land should be enlarged, and the pattern of income distribution of securitized land should be perfected.