Bulk delisting has led to a supply-demand imbalance, and the convertible bond market urgently needs to be "quenched".

Since March, the convertible bond market has seen a wave of delistings. According to preliminary statistics, the number of convertible bonds delisted in March is expected to exceed 20, and this trend is expected to continue into April. At the same time, the issuance of new convertible bonds has accelerated. Four companies, including Shenergy Company and Sida Semiconductor, have received approval for their convertible bond issuance plans. However, many market participants believe that the imbalance between supply and demand in the convertible bond market is still difficult to completely reverse, and they are looking forward to more varieties of convertible bonds being issued. In the current situation, the high valuation of convertible bonds is expected to continue, with market pricing reflecting more trading attributes. The Beijing Stock Exchange convertible bond market and the science and technology innovation convertible bond market are still in the early stages and have not been able to meet the corresponding allocation demands.