“债转股”是当前一项十分重要的工作,对这一问题的研究也比较多。笔者根据自身学习的一些体会,想对此做一点粗浅的探讨。“债转股”(债权转股权)是指一个国家在特定历史时期和经济环境下,处理债权银行不良资产和企业不良债务的一种资本运营手段。在国际上,当一些国家处于经济体制转型和特定、非常时期通常运用“债转股”的方式化解金融风险、减轻企业债务负担,从而达到救治经济的目的。其一般程序是:首先,经国家批准成立金融资产管理公司或其他类似机构,把银行比较好的信贷资产和不良信贷资产分开,由银行和资产管理公司两个没有股权关系的企业法人分别经营;其 “Debt to equity ” is a very important work at present, and there are more studies on this issue. The author based on some of their own learning experience, would like to do something superficial discussion. “Debt to Equity ” refers to a country in a specific historical period and the economic environment, dealing with bad assets of creditor banks and corporate bad debt a kind of capital operation means. Internationally, when some countries are in the process of economic restructuring and the special and extraordinary times, they usually use “debt-to-equity swaps” to defuse financial risks and reduce the corporate debt burden so as to save the economy. The general procedure is as follows: First, the state approves the establishment of a financial asset management company or other similar institution to separate the bank’s relatively good credit assets from the bad credit assets and run them separately by two legal entities, namely, banks and asset management companies that do not have any equity relationship; its