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在债转股政策尚未落地实施之际,任何的解读都包含着臆测的成分。要想让债转股真正利好中国资本市场,就必须坚持市场化的取向,别把“债转股”的经念歪了。为应对商业银行不断攀升的不良贷款与国有企业沉重的债务负担,时隔8年后,债转股政策重新启动。前不久,有关媒体报道了首批1万亿元规模的债转股即将启动的消息,这无疑是资本市场近期最重磅的新闻之一。针对债转股政策拟推出,市场人士有截然不同的解读。
As the debt-to-equity swap policy has not yet come to an end, any interpretation involves speculation. To make debt-equity reform truly favorable to China’s capital market, we must adhere to the market-oriented approach. Do not distort the idea of “debt-to-equity conversion.” In response to the escalating non-performing loans of commercial banks and the heavy debt burden of state-owned enterprises, the debt-for-equity swap policy was restarted after a lapse of eight years. Not long ago, the media reported that the first batch of 1 trillion yuan debt-equity swap is about to start, which is undoubtedly one of the most serious news in the capital market. Debt to equity policy to be launched, the market has a completely different interpretation.