一级市场的空间扩大,难度增强 一、债转股拓展了券商一级市场业务的手段。债转股与传统的资产重组业务、财务管理咨询业务等相比,具有更加明显的创新性、挑战性。而衡量债转股成功与否的重要标志,是债转股后企业股权结构有无优化、经营有无好转、资产质量有无显著提高。完成债转股对企业和券商来说都只能是阶段性目标。倘若其后不良资产不但没有减少 A market expansion of space, an increase of difficulty, debt to equity brokers to expand the market a means of doing business. Debt to equity and traditional asset restructuring business, financial management consulting business compared to more obvious innovative and challenging. However, an important indicator of the success or failure of debt-to-equity swap is whether the ownership structure of the enterprise after debt-equity swap is optimized, whether the business is improving or not, and whether asset quality is significantly improved. Completion of the debt-to-equity swap can only be a phased goal for enterprises and brokerages. If not, non-performing assets have not been reduced thereafter