Abstract: As a kind of penalty, property penalty has its incomparable advantages and its own shortcomings. For property penalty, we must make a reasonable orientation for the status of it in the penalty system, and reasonably set the applicable scope of it; at the same time, we should appropriately improve the execution way of property penalty, and property penalty should be configured overall on corruption crime, negligent crime and unit crime to give full play to the advantages of it. For the benefit of execution of property penalty, day-fine system and criminal fine exchanging institution should be implemented; we should comprehensively evaluate the advantages and disadvantages of the design of property penalty system, and achieve the optimization of the system design by improving advantages and avoiding shortcomings from the perspective of law and economics.

Key words: property penalty, day-fine system, criminal fine exchanging institution