This paper studies the financing structure of family business from the perspective of property rights and builds up dynamic mode of family business property rights governance on the foundation of the family property,financial capital and human resource capital.It analyses the evolution of the mode of the family business property rights governance and puts forward the views that at the preliminary stage the family business should adopt the mode that the family property rights plays the leading role;at the growth stage,it should adopt the mode of the coordination of the family property rights and(professional manager) human resource property rights;at the mature stage,it should adopt the mode of the coordination of the family property rights,(outside) financial capital property rights,(professional manager) human resource property rights.Based on the dynamic mode of property rights governance,the dynamic financing mode of family business is built.This paper deems the financing of family business should be the trinity mode of "family capital","personnel capital" and "social capital".From the two-dimensional perspective of financial capital financing and human capital financing,this paper also discusses the different financing modes of different life-cycle phases of family business.