强制赎回频频“扫货” 可转债供不应求局面或持续加剧

Core Viewpoint - The forced redemption of convertible bonds has led to a significant decrease in their total outstanding scale, indicating a tightening market condition for these financial instruments [1] Group 1: Market Trends - As of August 5, 71 convertible bonds have been delisted from exchanges this year, with 51 of these delistings attributed to redemption [1] - The total outstanding scale of convertible bonds has decreased by 80.564 billion to 653.058 billion [1] Group 2: Analysis and Implications - Analysts suggest that the recovery of the equity market, combined with a decline in new financing costs, has accelerated the forced redemptions and delistings of convertible bonds [1] - In the context of limited new listings, the supply-demand imbalance in the convertible bond market may continue to worsen [1]