“债转股”是国家为减轻国有企业负担所采取的一项重大战略决策。“债转股”的实施 ,有效地解决了国有企业因过度负债造成的诸多不良后果 ,盘活了资产 ,促进了国有企业的改革和发展 “Debt-equity swap” is a major strategic decision taken by the state to reduce the burden on state-owned enterprises. The implementation of “debt-equity swaps” effectively solved the many adverse consequences caused by excessive liabilities of state-owned enterprises, revitalized assets, and promoted the reform and development of state-owned enterprises.