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在一些领域,中国经济已经进入下行轨道,在微观层面上,企业负债率居高不下,资金链处于随时绷裂的危险边缘,“去产能”和“去杠杆”在债务负担的重压下,变得举步维艰。以市场化和法治化为特征的债转股方案终于出台,对很多挣扎在破产边缘的企业而言,这无疑是一次翻身解放的绝佳机会。债转股的本意是通过资产性质的变更,降低企业的融资成本,以未来的收益偿还当前的资金费用。从本质上讲,债转股是对资产的跨期交易。通过这一方法解决企业当前的财务负担,是企业
In some areas, the Chinese economy has entered a downward spiral. At the micro level, the debt ratio of enterprises remains high. The capital chain is at the edge of danger of being torn apart. The “de-capacity” and “de-leveraging” Under pressure, it becomes difficult. Debt-to-share reform, characterized by marketization and legalization, has finally come out. For many enterprises struggling on the brink of bankruptcy, this is undoubtedly an excellent opportunity to turn over liberation. The original intention of debt-to-equity swap is to reduce the financing cost of enterprises by changing the nature of assets and to repay the current capital costs in the future. Essentially, debt-to-equity trading is an intertemporal transaction of assets. By this method to solve the current financial burden on enterprises, enterprises