债转股的实施,有利于减轻国企的债务负担,促进其扭亏解困;同时可以剥离银行的不良资产,化解金融风险。但与此同时,债转股的实施离国有企业改革的目标还有相当距离,继续深化国企改革仍然是一项艰巨而复杂的任务。本文旨在引起对债转股成果的清醒认识,尤其是对债转股后的风险予以特别关注,以巩固和扩大国有企业改革和脱困成果,进一步深化改革。一、债转股后的风险债转股是指以金融资产管理公司作为投资主体,将商业银行原有的不良信贷资产转化为金融资产管理公司对企业的股权,将银行与企业间的债权与债务关系转变为金融资产管理公司与企业的持股与被持股、控股与被控股的关系,由还本付息 The implementation of debt-to-equity swap helps to relieve the debt burden of state-owned enterprises and promote their turnaround in solving problems; at the same time, they can strip the non-performing assets of the banks and defuse financial risks. However, at the same time, the implementation of debt-for-equity swap remains a long way from the goal of state-owned enterprise reform. Continuing to deepen the reform of state-owned enterprises remains an arduous and complex task. This article aims to arouse a clear understanding of the outcome of the debt-to-equity swap, especially paying special attention to the risk after the debt-for-equity swap, in order to consolidate and expand the achievements in the state-owned enterprise reform and the downturn and further deepen the reform. First, the debt after the conversion of debt risk Equity refers to the financial assets management company as an investment entity, the commercial banks of the original bad credit assets into financial assets management company's equity, the bank and corporate claims and Debt relationship into financial assets management companies and companies holding and holding, holding and controlled by the relationship between the repayment of principal and interest