Allow state-owned enterprises to easily access reform “markets”. In other words, grasping the timing of corporate debt management is also a very important prerequisite. Enterprise debt management must not only be based on the appropriate amount of debt and the appropriate capital structure, but also determine the timing of the debt and choose the appropriate timing. This requires that the period of responsibility should be considered and as consistent as possible with the business cycle of the enterprise. If debt is too early, then capital will be deactivated and debt financing costs will increase at the same time; if debt is assumed too late, not only will the best use of funds be lost, but the opportunity for profitable investment will also be lost.