证券市场是解决自拨改贷以来形成的国有企业债务危机的有效途径，从而实现国有企业的融资方式由间接融资向直接融资转变；
Security market is an effective means to solve the debt crisis of state-owned enterprises in the course of reform of government financing so as to push the state-owned enterprises to change from indirect financing to direct financing .
拨改贷