一、国有资本退出后的企业风险 (一)对企业监管力度的弱化,使债权风险和其他风险骤然增高。众所周知,企业的总资产包括了企业负债形成的资产和各投资主体投资形成的资产,因此,目前对国有企业的监管基本上形成了债权人(主要是银行)监管和政府(出资者)各有关部门监管等“齐抓共管”的格局,尽管其监管效果如何值得商榷,但它毕竟是最大限度地规避了企业的各种风险。国有资本的退出,仅是企业股本在出资人之间的调整,在很大程度上并不影响企业本身的负债水平。然而,国有资本退出 First, the state-owned capital after the withdrawal of corporate risk (A) of the weakening of corporate governance, so that the debt risk and other risks suddenly increased. As we all know, the total assets of an enterprise include the assets formed by corporate indebtedness and the assets formed by various investment entities. Therefore, the current supervision over state-owned enterprises basically forms the basis for the supervision of creditors (mainly banks) and the relevant departments of the government (funders) Regulatory and other “make concerted efforts” pattern, despite its regulatory effect is questionable, but after all, it is to maximize the avoidance of all kinds of corporate risk. The withdrawal of state-owned capital is only the adjustment of the share capital of the enterprise among the investors, to a great extent, it does not affect the level of the enterprise's own debt. However, state-owned capital is withdrawn