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| Tekijä: | Li, Baomin |
| Otsikko: | Debt-for=equity swaps should be combined with the innovation of systems (original in Chinese) |
| Lehti: | China Reform (c)
2000 : 1, p.38-41 |
| Asiasana: | DEBT STOCK MARKETS CORPORATE RESTRUCTURING CORPORATE FINANCE CHINA |
| Kieli: | chn |
| Tiivistelmä: | Till last November, the enterprises which want to carry on debt-for-equity swaps number over 500, totaling more than 350billion RMB (US$43billion). Many enterprises regard the debt-for-equity swaps as "lunch on free of charge", trying their best to get the right to them. It is not for the old system that the state would pay this huge cost. If they cannot transform their mechanism nor establish a new system, the large amount of fund for the swaps would have no effect but is liable to form dead debts. To prevent this from happening, debt-for-equity swaps should be combined with the innovation of systems. |
SCIMA