论文部分内容阅读
目前中国国有企业负债率 ,其中有不少是无法收回的坏帐和很难收回的过期呆帐。为解决这一问题 ,被媒体称为“国企改革最大动作”的债转股方案正式推出。对此有众多肯定意见 ,也伴随着众多的疑问 ,这或许是方案设计者没有预料到的。笔者认为 ,好的思路关键是要落实好除了要按公布的五个条件严格挑选债转股企业外 ,还须完善外部条件 ,并针对可能存在的道德风险 ,建立一套约束机制 ,并创造条件使资产管理公司所持有的国有股份在市场上流通
At present, the debt ratio of China’s state-owned enterprises, many of them are uncollectible bad debts and expired bad debts that are difficult to recover. To solve this problem, the program of debt-to-equity swap, which is described by the media as “the biggest move of state-owned enterprises reform,” was officially launched. There are a lot of positive comments on this, but also accompanied by many questions, this may be the program designer did not expect. The author believes that the key to a good idea is to implement well the strict selection of debt-to-equity swap companies in accordance with the five published conditions, but also to improve the external conditions and establish a set of binding mechanisms and create conditions for possible moral hazard So that state-owned shares held by asset management companies in the market circulation