关于现阶段企业“债转股”问题的审慎思考

A Careful Thinking on the "Debt to Equity" Problem in Enterprises

“债转股”是现阶段国有企业脱困和减少国有商业银行不良资产负担的重要措施之一 ,对此 ,既要准确把握其涵义 ,又要充分认识其实践的意义 ,同时更应审慎地关注其操作过程中所可能涉及的脱困目标能否真正实现、国有银行经营风险是否确实会降低、资产经营公司经营目标能否成功等不确定因素 ,并进行冷静的思考 。

Debt to equity' is one of the most important measures by which the state owned enterprises revitalize themselves and the state owned commercial banks reduce bad capital burdens. In this case, it is of vital importance to have a good understanding to its meaning and its significance in actual practice. At same time, it is necessary to have a calm mind and think about such indeterminate factors as whether the enterprises' revitalization goal can be fulfilled, whether the operation risk of commercial banks can be really reduced and whether the management goal of the capital dealing companies can be realized. Only by doing so can necessary measures be taken to ensure the fulfillment of the desired goals.