信托参与债务重组应用研究  

Research on Application of Trust in Debt Restructuring

作　　者：赵迪[1] 谢楠[1] 成俊[1] Zhao Di;Xie Nan;Cheng Jun

机构地区：[1]国家开发银行财会部

出　　处：《开发性金融研究》2022年第5期47-53,共7页Development Finance Research

摘　　要：近年来,我国破产重组案件在数量及涉案金额上持续攀升。债权转为信托受益权,因在风险隔离、执行效率方面具备优势,已成为参与债务重组的一种新形式,受到社会广泛关注。但其在运行机制、资产评估、日常管理和行业监督等方面存在薄弱环节。本文对实践中信托计划面临的受托人经营策略不清、受益人话语权有限、财务估值难度大等现实问题开展研究,分别围绕管理人、信托公司、债权人和行业监管部门等参与主体如何切实履行职责、发挥风险化解效能,提出了针对性建议。The conversion of creditor’s rights into trust beneficial rights has become a popular method of debt restructuring in recent years due to its advantages in isolation of risk and higher execution efficiency, but it has weak links in operating mechanism, property evaluation, daily management and industry supervision policies,etc. This paper studies the realistic problems faced by trust plans in practice, such as the trustee’s unclear business strategy, the limited participation of beneficiaries, and the difficulty in financial valuation, and puts forward targeted suggestions focusing on how managers, trust companies, creditors, industry regulators can effectively perform their duties to deal with risk.

关 键 词：债务重组 信托受益权 

分 类 号：F832.49[经济管理—金融学]