Jin Rong Shi Bao·2026-01-08 02:36Group 1 - The core viewpoint of the articles highlights the increasing importance of market-oriented debt-to-equity swaps as a key financial tool for optimizing corporate capital structures and mitigating debt risks in the context of supply-side structural reforms and the transformation of the real economy [1][2] - China Galaxy Asset Management successfully implemented a market-oriented debt-to-equity swap with Shandong Road and Bridge Group, a leading enterprise in the domestic road and bridge infrastructure sector, which plays a significant role in major projects under national initiatives like "Transportation Power" and the "Belt and Road" [1] - The collaboration aims to help Shandong Road and Bridge Group optimize its debt structure, supplement equity capital, and enhance its resilience for sustainable investment and international cooperation, thereby contributing to the high-quality development of the regional economy [1][2] Group 2 - The successful implementation of the debt-to-equity swap project reflects China Galaxy Asset Management's commitment to the principles outlined in the Central Economic Work Conference and the Central Financial Work Conference, emphasizing the importance of balancing risk mitigation and development promotion [2] - By acting as a strategic investor, China Galaxy Asset Management introduces long-term stable equity capital to enterprises, enhances governance structures, and improves operational efficiency, thereby creating a virtuous cycle of capital structure optimization, operational vitality release, and core competitiveness enhancement [2] - The role of financial asset management companies is underscored as a "stabilizer" and "accelerator" in the economic cycle, demonstrating their capacity to support economic stability and growth [2]