改良債券 的英文怎麼說
中文拼音 [gǎiliángzhàiquàn]
改良債券
英文
improvement bonds-
On one hand, these reforms are caused by market and economic adjustment, on the other hand, it is also the initiative exploration of the administration structure but the exploration is unsuccessful, the corresponding results include that the financial burden is heavy, and bank and the listed companies sacrifice medium and small investor ' s interests etc. because the listed company only regards security market of our country as the place to use the fund free at first, there is no comparativity between utilizing bond financing, bank loan, and other channels to raise enterprise development funds and stock financing
從上世紀80年代初期以前的財政資金供給到銀行信貸資金的供給，再到利用資本市場進行股票及債券等融資方式的出現，這些改革一方面是市場以及經濟環境的變化引起的迫不得已的調整，另一方面也是企業（或主管部門）為了提高企業效率，完善企業內部治理結構的主動探索。但從結果上來看，這些探索並不成功，相應的出現了財政負擔過重，銀行不良資產過多以及上市公司犧牲中小投資者利益，在市場上「圈錢」等現象。由於上市公司最初僅僅是把我國的證券市場當作獲取免費使用資金的場所，利用債券融資、銀行貸款等渠道籌措企業發展資金和股票融資沒有可比性。While at abroad, the main method is swap of debt to equity in china ' s asset management corporation ; in my article, i discuss the problem in the progress of sde. low financing efficiency and deficient in the financing channels are the prominent character of china ' s economic operation. so we must reform the capital market, through developing the stock market to expand the financing channels of the state owned enterprise
第四部分是針對如何優化資本結構問題進行探討，對國有企業傳統的產權制度改革進行了研究：對于如何解決企業的不良資產，借鑒國外的經驗，我們可以通過實施債轉股來進行，文中主要討論了債轉股實施過程中遇到的問題；國有企業資本結構不合理的主要原因是企業融資效率低、融資渠道單一，因此，我們還要改革資本市場，通過大力發展證券市場，發揮各種融資機構的重要作用，來有效拓寬融資渠道。
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