浅析债转股对企业改革的影响

On the Influence of the Transferring of Debts to Shares

债权转股权是金融资产管理公司作为投资主体,将商业银行原有的不良信贷资产转为金融管理公司对企业的股权,以及国家开发银行对企业的股权,是由原来的债权债务关系,转变为金融资产管理公司和国家开发银行与实施债权转股权企业之间的持股与被持股或控股与被控股的关系。但是,并非所有国有企业都符合债转股条件,债转股对具体企业也不是都有利。影响转股的因素最重要的是转债条款。

The transferring of debts to shares means that commercial banks change bad loans capital into shares of the company owned by capital management company or development banks. The original debt and creditor's debt relation become shares owning and shares owned relation. But not all enterprises are suitable for the transferring. The most important factor is transferring terms.