债转股作为处理企业拖欠银行不良债权的一种国际常用方式,尽管在许多国家都有过成功与失败的历史。当前,把银行与企业的债权债务关系转变为金融资产管理公司与企业间的持股与被持股或被控股的关系,由原来的还本付息转变为按股分红,不失为帮助国有企业摆脱债务负担和化解银行风险的一种有效手段。在现实经济生活中,由于存在着认识上的误区,把债转股视为能解决企业一切问题的神丹妙药,喻为“最后的晚餐”,众多企业争着跑部门,想方设法拼着劲让自己企业排上债转股试点单位,这也无可非议。问题的关键在于,债转股给国有企业带了什么,起什么作用,如何更好地应用这一新的管理手 Debt-to-equity swaps are an international way of dealing with corporate default on bad debt in banks, though there has been a history of successes and failures in many countries. At present, the debt-debt relationship between banks and enterprises is transformed into the relationship between the holding of financial assets management companies and the enterprises held or held or controlled by them. From the original repayment of principal and interest to the dividends per share, it is helpful for state-owned enterprises to get rid of Debt burden and bank risk an effective measure. In real economic life, due to the misunderstanding in understanding, the debt-equity swap is regarded as the magic pill to solve all the problems of the enterprise and is called the “Last Supper.” Many enterprises are trying their best to run the department and trying their best It is beyond reproach that their enterprises should be listed on the pilot units of debt-to-equity swap. The crux of the problem lies in what is the role of debt-to-equity swap in SOEs and how to better apply this new management hand