The withdrawal of stock equity of debt-to-equity swap benefitto resume connatural financial resource allocationfunction of market mechanism, basedon the viewpoint of market operation.

• 建立债转股股权退出机制,有利于在国有经济领域内恢复市场机制本身固有的金融资源配置功能,且股权的退出应该基于商业化市场运作观点。