组建非金融国资“汇金”公司以新三板优化国有资本布局

发布时间：2018-03-17 18:06

本文选题：国有资本　切入点：国企杠杆率　出处：《财政研究》2014年08期 　论文类型：期刊论文

【摘要】：中国企业杠杆率偏高,主要债务在国企。国企包括央企和地方国有企业,现在产业布局与国企定位偏离,不仅分布在国家安全、公共服务和自然垄断领域,也大量进入到竞争性领域。解决国企债务高企问题,应该退出竞争性领域,将获得的资本金补充到国企职责领域。具体的实施措施为:建立从非上市公众股权转让系统到定向增发直至上市公司的金字塔结构的多层次资本市场体系,组建全国性的国有资本管理公司,实施包括债务在内的资产证券化,在产业布局中有进有退解决国企债务过高问题,同时实现国企改革到国有资本改革的提升。
[Abstract]:The leverage ratio of Chinese enterprises is on the high side, and the main debts are in state-owned enterprises. State-owned enterprises include state-owned enterprises and local state-owned enterprises. Now the industrial layout deviates from the orientation of state-owned enterprises, not only in the areas of national security, public services and natural monopoly. They have also entered the competitive field in a large number. To solve the problem of high debts of state-owned enterprises, we should withdraw from the competitive field. The specific implementation measures are to establish a multi-level capital market system from the transfer system of unlisted public shares to the pyramid structure of the private placement until the listed company, The establishment of national state-owned capital management companies, the implementation of asset securitization, including debt, in the industrial layout of the solution to the problem of excessive debt of state-owned enterprises, at the same time to achieve the state-owned enterprise reform to state-owned capital reform.
【作者单位】：大公国际资信评估有限公司;中央电视台;
【分类号】：F275;F276.1;F832.51

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