大型国有煤炭企业实施市场化债转股的若干思考

Several consideration on marketized debt-to-equity swap implemented by large state owned coal enterprise

通过对两轮债转股政策的分析,针对大型国有煤炭企业转型升级阶段存在的特殊困难,从路径选择、相关各方利益诉求、资金进入退出方式等方面进行探讨,提出实施过程中需要注意的问题及解决对策。

With the analysis conducted on the policy of the two round debt-to-equity swap, according to the special difficulty existed in the transformation and upgrading stage of the large state owned coal enterprises in China, a discussion was conduct- ed on the path selection, related on the appeal of each benefit, capital in come and withdraw and the necessary noted prob- lems occurred from the implemented process were provided.