编者按：几年前，中国经济理论界在探讨降低国有商业银行不良资产比率、防范和化解金融风险的措施时，就提出了债转股的设想。不过，那时都还只是停留在理论层面上。今年４月中国第一家金融资产管理公司——信达资产管理公司成立以后，债转股并进入了实质性实施阶段。特别是， Editor’s Note: A few years ago, when China’s economic theory circles explored ways to reduce the non-performing assets ratio of state-owned commercial banks and prevent and resolve financial risks, they proposed the idea of ​​debt-for-equity conversion. However, at that time still only stay at the theoretical level. In April this year, China’s first financial asset management company - Cinda Asset Management Corporation was established, the debt into equity and entered a substantive phase of implementation. especially,