“高负债”是当前制约企业改革和发展的重大障碍C如何缓解企业高负债的问题，已成为当前深化经济体制改革和建立现代企业制度的关键问题。1995年全国第五次清产核资的统计数字表明：已完成全国清产核资的302万户国有企业，清查前帐面资产负债率为69．3％，清查后资产负债率为71 “High debt” is a major obstacle to the current corporate reform and development. How to alleviate the high debt of the enterprise has become a key issue in the current deepening of economic system reform and the establishment of a modern enterprise system. The statistics on the fifth China’s capital production and verification in 1995 showed that 3.02 million state-owned enterprises have completed the nation’s capital verification and verification. The debt-to-asset ratio before the inventory is 69.3%, and the asset-liability ratio after the inventory is 71.