本期主题：债转股 被称为国企三年改革、脱困的三大 “杀手铜”之一的“债转股”，自去年朱镕基总理亲自部署以来，至今已运行了半年多时间，究竟“债转股”这一举措有何实效？政府、企业、资产管理公司等重要部门是如何看待和运作“债转股”的？为此，我们继去年第１０期组织 “债转股”专题后，本期又一次推出 “债转股”专题报道，使关心这一问题的读者能及时了解“债转股”的进展情况。 ──编者 The theme of the current issue: Debt-equity swaps are called “debt-to-equity swaps,” which are one of the three “killer coppers” for the three-year reform of state-owned enterprises. They have been operating for more than six months since Premier Zhu Rongji was personally deployed last year. What is the effectiveness of this measure of debt-to-equity conversion? How does the government, enterprises, asset management companies and other important departments see and operate the “debt-equity swap”? To this end, following the “Debt-to-equity swap” project organized in the tenth year of last year, we again launched special reports on “debt-to-equity swaps” in this issue, so that readers who are concerned about this issue can understand the progress of debt-to-equity swaps in a timely manner. ──Editors