(Yicai Global) Oct. 13 -- Some 36 central state-owned enterprises intend to carry out market-oriented debt-to-equity swaps, and 14 firms have entered into debt-to-equity swap framework agreements worth more than USD66.6 billion (CNY440 billion), State-owned Assets Supervision and Administration Commission Chief Accountant Shen Ying said yesterday at a State Council Information Office news briefing.

China should control enterprise debt risk and continue to improve debt risk control mechanisms in the future, she said. The country should examine enterprise debt risk and strengthen enterprise investment and capital expenditure management by controlling both the scale of debt and the debt ratio, said Shen.

Enterprises should strengthen internal management, optimize their capital structure, and increase the scale of company capital, Shen said. Through these measures, the central state-owned enterprises will improve their asset structure and debt levels, further controlling the effect of leverage, she said.