论文部分内容阅读
有效降低企业杠杆率,切实化解债务风险,是微观上推动企业走出经营困境和宏观上助力供给侧结构性改革的重要抓手。国务院近日出台的《关于积极稳妥降低企业杠杆率的意见》,正是基于以上考虑。意见明确要求以市场化、法治化方式降低企业杠杆率,开展市场化债转股,以有效防范和化解债务风险,助推经济转型升级。纵观文件全文,市场化是最重要的关键词,这与“让市场在资源配置中起决定性作用”的精神一脉相承。
Effectively reducing the leverage ratio of enterprises and effectively resolving the debt risks are the important starting points for pushing the enterprises out of operational difficulties and macro-level structural reforms on the supply side. The “Opinions on Actively and Steadily Decreasing Corporate Leverage” issued by the State Council recently was based on the above considerations. Opinions clearly require market-oriented, legalized way to reduce the leverage ratio of enterprises to carry out market-oriented debt-to-equity swap in order to effectively prevent and resolve debt risks, boosting economic restructuring and upgrading. Throughout the full text of the document, marketization is the most important keyword, which is in keeping with the spirit of “allowing the market to play a decisive role in the allocation of resources.”