Convertible bonds return to the investment spotlight: raising 56.8 billion this year, with no new bond breaking issue price.

Convertible bonds have shown strong performance recently, with significant profit effects, reclaiming a prominent position in the investment market. With the optimization of new refinancing regulations in 2026 being implemented, combined with the market supply gap created by the concentrated exit of existing convertible bonds, the A-share convertible bond market is ushering in a concentrated issuance window, with the pace of primary market supply. According to data, as of August 3rd, 47 convertible bonds have been publicly issued since 2026, raising a total of 56.8 billion yuan, a significant year-on-year increase.