债转股与国有经济战略性调整

文章从债转股提出的背景和要解决的问题出发,论证了债转股是一种扭曲的制度安排,既难以实现政策初衷(双赢),又在化解矛盾和风险的同时,强化或引发了矛盾和风险。更重要的是,目前的债转股偏离了我国经济体制改革的长远目标。因此,应及时地调整债转股的政策思路,使之与国有经济的战略性调整相衔接。 

Debt-to-Equity Swap Join with the Strategic Adjustment

In view of the background that debt|to|equity swap poses and the problems that should be solved, the article proved that the debt|to|equity swap is a sort of abnormal system arrangement, while it is difficult to realize original design of the policy(double win), and furthermore it strengthens and causes some new risks and conflicts at the same time of settling. What is more important is that the current debt|to|equity swap has gone away from the long|term object of economy system reform in our country. For this reason the writer pointed out that we should adjust the policy design of the debt|to|equity swap in time to make it join with the strategic adjustment of national economy.