对债转股几个有争议问题的思考

Thinking over Some Disputed Questions about Debt-to-Equity Swap

当前 ,我国资产管理公司在处置资产的过程中 ,已经将债转股作为一种主要的资产处置方式。对此 ,理论界存在不同观点并展开了讨论。讨论的焦点问题主要包括债转股在处置不良资产过程中的地位、债转股机制能否顺利运转、如何界定不良资产剥离的范围、数量和时间、如何选择开放型和封闭型债转股、股权价格的确定、股权回购等问题上 。

At present,in the course of dealing with assets,China's Assets Management corporation has applied debt to equity swap as a major pattern.There are different viewpoints and disputings in the theory circle.The focal points focus on the positions of debt to equity swap in the course of dealing with bad assets,if the mechanism of debt to equity swap could move smoothly,how to define the range and amount and time of stripping the bad assets,how to select the opening or closing debt to equity swaps,how to define the price of share power,if share power could be purchased back,etc.We discussed these questions in the paper and suggested the viewpoints of ourselves.