Since July of this year, the A-share market has continued to fluctuate and adjust, and there has also been a marked increase in the downward movement of share conversion prices in the convertible bond sector. According to the data, since the second half of the year, 29 bonds have been converted down in share prices. The frequency has risen markedly compared to the first half of the year, covering various industries such as electronics, basic chemicals, and utilities. Some targets that have triggered clauses many times before but never chose not to be downgraded have also proposed a downgrade plan for the first time. The concentrated increase in downsizing cases in the bond conversion market is related to the joint adjustment of bond conversion prices during the current round of A-share shock adjustments. With the recent gradual steady rebound in the equity market, previously suppressed bond conversion valuations have also ushered in a repair window.

Since July of this year, the A-share market has continued to fluctuate and adjust, and there has also been a marked increase in the downward movement of share conversion prices in the convertible bond sector. According to the data, since the second half of the year, 29 bonds have been converted down in share prices. The frequency has risen markedly compared to the first half of the year, covering various industries such as electronics, basic chemicals, and utilities. Some targets that have triggered clauses many times before but never chose not to be downgraded have also proposed a downgrade plan for the first time. The concentrated increase in downsizing cases in the bond conversion market is related to the joint adjustment of bond conversion prices during the current round of A-share shock adjustments. With the recent gradual steady rebound in the equity market, previously suppressed bond conversion valuations have also ushered in a repair window.