Core Points - The China Convertible Bond Index closed up by 0.82%, reaching 425.39 points with a trading volume of 59.936 billion yuan [1] - The Wind Convertible Bond Equal-weighted Index increased by 1.27%, closing at 203.77 points [1] - Notable gainers included Oton Convertible Bond, Feikai Convertible Bond, Huaxiang Convertible Bond, Henghui Convertible Bond, and Huisheng Convertible Bond, with increases of 16.50%, 12.34%, 7.72%, 7.24%, and 6.92% respectively [1] - Significant decliners were Shengxun Convertible Bond, Huicheng Convertible Bond, Hongchang Convertible Bond, Hongqiang Convertible Bond, and Hongcheng Convertible Bond, with decreases of 6.00%, 2.10%, 1.61%, 1.20%, and 0.75% respectively [1]

Group 1 - The China Securities Convertible Bond Index opened with a slight increase of 0.02%, reaching 421.40 points [1] - Notable gainers in the convertible bond market include Weice Convertible Bond, Jialian Convertible Bond, Sailong Convertible Bond, Yitian Convertible Bond, and Zhongqi Convertible Bond, with increases of 25.00%, 3.17%, 2.83%, 2.82%, and 2.82% respectively [1] - Conversely, the biggest losers in the market are Puli Convertible Bond, Hongqiang Convertible Bond, Shangsheng Convertible Bond, Fuchun Convertible Bond, and Hangyu Convertible Bond, with declines of 2.38%, 1.34%, 0.78%, 0.62%, and 0.61% respectively [1]

Core Viewpoint - The A-share market has shown a strong rebound since September last year, leading to a continuous upward trend in the China Convertible Bond Index, which has reached new highs not seen since June 2015 [1] Group 1: Market Performance - The China Convertible Bond Index rose by over 438.30 points during intraday trading on March 17, marking a new high since June 2015 [1] - Since September last year, the cumulative increase of the China Convertible Bond Index has exceeded 20%, indicating that the convertible bond market has entered a technical bull market [1] Group 2: Supply and Demand Dynamics - The convertible bond market has demonstrated stronger performance this year due to an imbalance in supply and demand [1]