关于“债转股”的几点法律思考

政策性债转股包括国有商业银行与金融资产管理公司之间的债权转让和金融资产管理公司与国有企业间以债权换股权这两个法律关系,现阶段实行债转股可对国有企业产生诸如促进企业产权制度改革,减轻企业财务负担,优化企业法人治理结构及促使资产变现等方面的积极影响.但在实践过程中也存在着很多障碍和问题,从而限制了债转股功能的发挥.尽管如此,只要政府能给予支持,立法上能提供有效保护,债转股必然可以给东北国有企业带来一片生机.

Several Thoughts in Law Aspect on "Debt to Share Transfer"

Policy debt to share transfer include the following two legal relations:the exchange between state-owned commercial bank and finance assets administration company,and the exchange between finance assets administration company and state-owned enterprises.Presently,implement debt to share transfer can produce following effects on sta-te-owned enterprises:promoting enterprise ownership reform,easing enterprise finance burden,optimizing enterprise-juridical person management structure,and promoting capital turning into currency.But there are also many obstacles and problems in practice,which limited debt to share policy's function.But if government can provide support,legis-lation can provide effective protection;debt to share transfer can provide a new life for the state-owned enterprises that are in difficulties.