债转股是党的十五届四中全会《中共中央关于国有企业改革和发展若干重大问题的决定》提出的改善国有企业资产负债结构的重要举措。它是指在国家组建金融资产管理公司,依法处置银行原有不良资产的基础上,将符合条件的重点国有企业欠国有银行的不良贷款,转化为对企业的投资即股权。它把原来 Debt-to-equity swap is an important measure proposed by the Fourth Plenary Session of the 15th Central Committee of the Communist Party of China (CPC Central Committee's “Decision on Several Important Issues concerning the Reform and Development of State-owned Enterprises”) to improve the asset and liability structure of state-owned enterprises. It refers to the establishment of a financial asset management company in the country and the disposal of non-performing assets of banks according to law. Non-performing loans owed by state-owned key state-owned enterprises that meet the requirements to state-owned banks are converted into equity investments in enterprises. It turned out