不能将债权股权化王文华以债权换股权来解决国有企业债务负担的思路，实际上这是将债权关系转换成投资关系或股权关系，将债权结构转变为物权结构。这种做法不仅在法律上和理论上缺乏依据，而且在实践中也是行不通的。从法律上讲，即使是微观、局部上债权股权化也是行不通... Wang Wenhua can not equity stake in debt to equity rights to resolve the debt burden of state-owned enterprises ideas, in fact this is the debt-equity relationship into investment or equity relationship, the debt structure into real estate structure. This practice is not only legal and theoretical lack of basis, but also in practice will not work. From a legal point of view, even if the micro-level, partial ownership of equity is also not feasible ...