Group 1 - The convertible bond market is experiencing a surge in new issuances, with five new bonds set to be offered for online subscription, indicating a strong demand despite a shrinking market size [1][4] - The newly listed Maolai Convertible Bond saw a significant increase of nearly 70% in its first two days of trading, highlighting the market's enthusiasm for new offerings [1][2] - The overall market for convertible bonds has contracted significantly, with a reduction of over 170 billion yuan since 2025, leading to a current market size of 560.6 billion yuan, down from 733.7 billion yuan at the beginning of the year [7][8] Group 2 - The Maolai Convertible Bond, issued by Maolai Optics, has a total issuance size of 562.5 million yuan and is part of the Sci-Tech Innovation Board, which has attracted considerable market interest [3][6] - Upcoming convertible bonds include those from Pulin, Shenyu, Aohong, Tianzhun, and Dingjie, with a focus on technology and digital solutions [5][6] - The scarcity of new convertible bonds is evident, with only three companies currently approved for issuance by the China Securities Regulatory Commission, indicating a tight supply in the market [7][8]
可转债迎发行小高峰 新券上市延续火热