正如外界已经注意到的那样,中国国有企业沉重的债务负担与国有商业银行巨额不良资产是一个问题的两个方面。在政府组建金融资产管理公司以降低银行不良贷款比例,化解金融风险的同时,就要求通过债转股等方式,帮助和促进国有企业深化改革、尽快走出困境。因此,通过金融资产管理公司实施债转股既是在市场经济体制还不完善、资本市场发育还不成熟情况下对国有企业债务重组的一项现实选择,也会对金融业的改革和金融资产管理公司的运作形式产生长期影响。 As the outside world has already noticed, the heavy debt burden of state-owned enterprises in China and the huge non-performing assets of state-owned commercial banks are two aspects of the issue. While the government set up a financial asset management company to reduce the proportion of non-performing loans in banks and defuse financial risks, it is required to help state-owned enterprises to deepen the reform through debt-to-equity swap so as to get out of the difficulties as soon as possible. Therefore, the implementation of debt-to-equity swap by financial asset management companies is not only a realistic choice for debt restructuring of state-owned enterprises but also imperfect market economic system and immature capital market development, as well as the reform of financial industry and the management of financial assets The company's form of operation has long-term implications.