Approval process speeds up, the convertible bond market may usher in a period of intensive issuance.

With the implementation and effectiveness of the refinancing policy, the pace of review continues to accelerate. Coupled with the supply gap filled by the concentrated redemption and delisting of existing convertible bonds, the convertible bond market has officially entered a period of intensive issuance. Since June 1st, Shengde Convertible Bonds and Tonghe Convertible Bonds have successively launched online issuance. On June 4th, Diwei Convertible Bonds will also start issuance, and the issuance speed of convertible bonds is accelerating. It is worth mentioning that the current number of convertible bonds that have been approved for issuance has reached 30, with a fundraising amount exceeding 48 billion yuan, laying a solid foundation for phased issuance. Analysts point out that with the acceleration of approval and the concentration of reserve projects landing, the convertible bond market is expected to enter a period of intensive issuance this year. Sufficient supply of new bonds will reshape the market supply and demand structure, activate market vitality, and continuously optimize the convertible bond market ecosystem.