近期媒介公布了两则消息:一是,商业银行对亏损企业实施封闭式贷款;二是,国家经贸委决定对部分企业实施债转股。这将对亏损股和国企股产生重大影响。目前上市公司中有近10%亏损,这类上市公司有一个共同的特点,就是由于上市时间较早,当时股份制改造并不彻底,有较多的历史遗留问题,再加上经营管理不善,业绩出现较大幅度的滑坡,以至于产生亏损甚至被戴上ST帽子,个别上市公司由于连续数年亏损甚至面临被摘牌的危险。商业银行对亏损企业实施封闭式贷款办法之后,给这类上市公司带来了生机。此类上市公司经营管理中的一个 Recently, the media announced two pieces of news: First, commercial banks closed their loans to underprivileged enterprises; second, the State Economic and Trade Commission decided to implement the debt-to-equity swap for some enterprises. This will have a significant impact on losers and H-shares. At present, nearly 10% of the listed companies have a loss. These listed companies have a common characteristic because the time-to-market of the listed companies was earlier. At that time, the shareholding system reform was not complete and there were many problems left over by history. Coupled with the problems of poor management and performance, There have been more substantial landslides, resulting in losses or even wearing ST hats. Some listed companies are even facing the danger of being delisted because they have suffered losses for several years in a row. After the commercial banks implement the closed-end loan method for the loss-making enterprises, they have brought vitality to these listed companies. One of the management of such listed companies