Core Insights - The convertible bond market is expected to experience a shift from a "many monks, little porridge" situation to a more balanced state as the number of delistings increases and new issuances remain relatively low [1][2][3] Group 1: Market Trends - In September, 22 companies received approval for convertible bond issuance plans, significantly exceeding expectations [1] - The total issuance scale for new convertible bonds this year is 497.5 billion, which is considerably lower than the delisted bonds scale [5] - The convertible bond market size is currently close to 600 billion, but a continuous decline is anticipated [2][7] Group 2: Notable Issuances - The TBEA convertible bond plan, with a scale of 80 billion, was quickly accepted, signaling positive market sentiment [1][7] - The upcoming expiration of the SPDB convertible bond, which has a scale of 500 billion, is expected to impact the market significantly [4] Group 3: Focus on Technology Sector - Companies listed on the Sci-Tech Innovation Board are attracting attention, with many involved in high-demand sectors such as semiconductors and AI [8] - Notable companies like Tianzhun Technology and Qizhong Technology are planning to raise funds for advanced projects in their respective fields [8] Group 4: Market Dynamics - The recent surge in convertible bond issuance plans is seen as beneficial for market expansion, although the absence of large-scale bank issuances may keep the market size below 600 billion for some time [7][9] - The active performance of company stocks is crucial for the success of new convertible bond issuances [8]