侃股：可转债发行提速是好事

Group 1 - The issuance of convertible bonds has accelerated recently, with 3 bonds issued since July and 9 in the month from June 11 to July 11, compared to 13 in the first five months of 2025, indicating a growing trend that benefits both investors and listed companies [1][2] - Convertible bonds provide a balanced investment channel that combines the safety of bonds with the growth potential of stocks, meeting the increasing demand for stable investments amid global economic volatility [1][2] - The ability of convertible bonds to offer fixed interest during market downturns while allowing investors to share in corporate growth during recoveries enhances their appeal as a risk-controlled investment option [1][2] Group 2 - For listed companies, the issuance of convertible bonds is a more efficient and flexible financing method compared to traditional channels like bank loans and equity financing, reducing financial burdens and optimizing capital structure [2][3] - The rapid development of the convertible bond market reflects the ongoing reforms in the capital market, aiming to create a more open, transparent, and vibrant environment, which enhances market depth and breadth [2][3] - The growth of the convertible bond market promotes effective capital allocation, directing social capital towards innovative and high-growth potential enterprises, contributing significantly to the overall efficiency of the capital market and high-quality economic development [2][3] Group 3 - The healthy development of the convertible bond market relies on strict regulation and standards, ensuring sufficient information disclosure, transparency, and protection of investor rights while preventing price manipulation and insider trading [3] - The acceleration of convertible bond issuance is a positive signal in the development of the capital market, providing tangible benefits to investors and listed companies while injecting new vitality into long-term market growth [3] - With ongoing improvements in related systems and market mechanisms, the convertible bond market is expected to have broader development prospects, contributing further to high-quality economic growth in the country [3]