摘要： 传统的物权债权区分理论遭遇现代性困境，物债区分相对性理论应景而生。解读方法存在问题，并不当然地表明解读对象本身也存在生存危机。物权债权仍然是两种彼此独立、明确界分的财产权利，但须理清方法逻辑，而不必弱化后作为权宜之计，或者彻底否定后推倒重来。物债区分的真正基础不在于绝对权和相对权的区别，而是支配权和请求权的划分。物债区分是财产权的基本而非周延性分类。所谓的“债权物权化”和“物权债权化”的诸种例证皆可以在物权债权相互区分的体系中找到应有的定位。

关键词: 物权债权区分理论, 物债区分相对性, 债权物权化, 物权债权化

Abstract: Along with the development of the society, the Division Theory of Forderungsrechte and Sachenrechte inmodem times is questioned to be out-of-time, obsolete, and should be replaced by new approaches, like the The-ory of the Weakness of the Dualistic Structure. But the crisis of the dualistic structure is from the wrong way ofinterpretation, and the traditional property system is still available nowadays. The substantial difference betweenSachenrecht and Schuldrecht is the form of right: Sachenrecht is right of dominion, while Schuldrecht is right ofclaim. The dichotomy in the traditional system does not mean to include all the property rights in reality, and thatis the reason many new kinds of rights is odd if brought into the traditional system. The instance of the creditlizedreal-right and the real-rightlized credit could be located in the dualistic structure made up of Sachenrecht-Schul-drecht in proper interpreting way.

Key words: The Division Theory of Forderungsrechte and Sachenrechte, The Theory of the Weakness of the Dualistic Structure, The Creditlized Real-right, The Real-rightlized Credit