英语翻译

题目

英语翻译
二、国有资本结构优化的策略
(一）大力发展资本债券市场,扩大债务融资比例,实行债转股.
(二）解决国有股比重过大问题,实行国有股减持.
（三）国有股向优先股转化.
总而言之,国有企业的最优资本结构,只能在改革的推进中不断优化得以实现,宏观上要改变国家作为所有者,国有银行作为债权人对国有企业约束偏软的现状,使所有的债权人与企业形成市场化的关系,实施硬约束；微观上国有企业要采取全面措施,建立合理的债券、股权结构.只有这样,才能使国有企业的资本结构得以优化.

答案

Second,the state-owned capital structure optimization strategy
(a) to vigorously develop the capital bond market,expand debt financing,implement debt-to-equity ratio.
(2) solve problems of large state-owned proportion,implement of state-owned shares.
(3) to preferred stock into state-owned shares.
In short,the state-owned enterprise's optimal capital structure,only in the development of the reform continuously optimize implemented,macro to changes in countries as owners,the state-owned Banks as a creditor of state-owned enterprises,the present situation of partial soft constraint that make all the creditors and enterprises to form of marketization,implement hard constraint relationship; The microscopic state-owned enterprises should take comprehensive measures to establish a reasonable bond,equity structure.Only in this way can we make capital structure of the state-owned enterprise to optimization.