The authors suggest that the land storage system is beneficial not only to strengthen the country's macroscopic regulation of city land market, accelerate healthy development of city economy and increase the financial income, it can also be advantageous to carry out the economic reform and public facilities construction without a hitch. On the basis of this, in this paper, the increment of the land price and house price as well as the high risk of fund due to lack of related laws is analyzed. Corresponding legal regulations, such as polishing the legislation of land right, implementing the land utilization planning, reinforcing the legislation of city development, land requisition and countryside residential land administration are put forward.