按照国家文件精神,提出采用债转股方式解决高速公路快速发展中项目企业(债务人)当前偿债能力不足与施工企业(债权人)的债权难以按期兑现的突出问题。构建债务债权双方不完全信息动态博弈模型,比较双方债转股前后的收益,得出实施债转股的均衡条件,达成双方债转股协议,实现双赢。 According to the spirit of the national documents, this paper puts forward the outstanding problems of using debt-for-equity method to solve the problem that the project enterprises (debtors) in expressway are not able to pay their debts and the debts of construction enterprises (creditors) can not be fulfilled on schedule. Constructing the dynamic game model of incomplete information between the two parties, we compare the income before and after the conversion of both debt and equity to obtain the equilibrium condition of debt-equity swap, and reach the agreement of debt-equity swap to achieve a win-win situation.