随着政策逐步进入到落实阶段,债转股概念可谓风生水起,近期,其中的龙头股开始蠢蠢欲动。债转股是当前国家大政方针的战略之一。继去年8月16日,首个债转股方案花落中钢集团后(旗下上市公司包括中钢国际和中钢天源),多地债转股工作也加速推进。一些人极力鼓吹,认为其是降低企业杠杆率,化解银行金融机构不良贷款风险的“灵丹妙药”。而另一种观点则认 With the gradual introduction of the policy into the implementation phase, the concept of debt-to-equity can be said to be very successful. In the near future, the leading stocks among them have started to take shape. Debt-to-equity is one of the strategies of the current state’s major policies. Following the August 16 last year, after the first debt-to-equity swap program was spent on Sinosteel (its listed companies including Sinosteel and Sinosteel Tianyuan), the work on multi-land debt-equity swap accelerated. Some people strongly advocate that it is “a panacea” that reduces corporate leverage and defuses the risks of bad loans at financial institutions in banks. The other view is that