Debt Restructuring Research Of State-owned Enterprise

In china's reform and opening-up process , the heavy debts have become a serious restriction for state-owned enterprises development and reform. So it is vital importance to how to solve heavy debt of state-owned enterprises.Basing on this question and the theory of debt restructuring, first, this article studies the background of debt restructuring and the actual debt restructuring of internal businesses and overseas businesses and the definition object emphasis of debt restructuring, points out debt restructuring is effective way to solve over heavily debts of business. And then analyzes the background of "debt into capital" of HuaGuang cement factory and China XinDa capital administration company in detail, that is the introducing. the environment of production and running, finance and the question after introducing the meaning and the goal and the emphasis of debt restructuring, points out that though the business has good environment of production and running, it will bankrupt for over heavily debts, it is vital importance to how to save it.And this article studies a good way to save this business on stress-"debt into capital" of debt restructuring, point out parties' good results, and some beneficial revelations. Last, the article cogitate the debt restructuring of SOE in accordance with the characteristics of SOE and the reasons of debt and the actual of debt restructuring and interrelated policy and laws:(1) Exposes the limitation of "debt into capital" for many operation of "debt into capital", so perfects "debt into capital";(2) Providesanother efficient way to solve the problem of debt restructuring essentially-beginswith the mechanism of the SOE, in a specific way is that the big and medium-sized SOE that debt is serious but need the state-owned economy can adopt to the debt restructuring of public finance, but other SOE can adopt that annexes the power of the inner part of state-owned economy the accepts the debts, annexes with opening and various forms, sells part of shares ,accesses the strategy investor; (3) We have many resistances of debt restructuring, we should be care of some things for debt restructuring runs favorably and high efficiency; (4) Some policy proposals;...