英语翻译

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.