债转股的推出，在金融界和企业界引起强烈的反响，一时之间，成为社会各界关注的焦点，被寄予很高的期望。诚然，债转股对国企脱困和银行改善经营有着积极的意义，但是，应该看到债转股只是解决国企和银行双重困难的一种办法，并不是万能药。在目前国有企业的现代企业制度尚未 The introduction of debt-to-equity swap has aroused strong repercussions in the financial and business sectors. For a moment, it has become the focus of attention from all sectors of the community and is being placed high expectations. To be sure, debt-to-equity swaps have positive meanings for the state-owned enterprises to extricate themselves from difficulties and for banks to improve their operations. However, it should be noted that debt-to-equity swaps are only a solution to the dual difficulties of state-owned enterprises and banks and are not a panacea. At present the state-owned enterprises in the modern enterprise system has not yet