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A股市场估值抬升
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加速入场,激增82万“大军”打新可转债
Zheng Quan Shi Bao· 2025-08-21 12:39
Group 1 - The core viewpoint of the articles highlights a significant increase in the number of investors participating in convertible bond subscriptions, reflecting a recovery in the A-share market and heightened investor confidence in equity markets [1][2][3] Group 2 - The number of new investors in convertible bond subscriptions has surged by 820,000 in just two months, bringing the total to over 8.7 million participants [1][2] - The recent performance of convertible bonds has been strong, with new bonds like the Ber25 and Guangke bonds seeing substantial price increases of over 50% and 40% respectively since their listings [4][6] - The overall A-share market has seen a significant increase in new account openings, with 1.456 million new accounts opened in the first seven months of 2025, a year-on-year increase of 36.88% [3] - The financing balance in the A-share market has also risen, reaching 21,329.69 billion yuan, an increase of over 340 billion yuan since May [3] - The high performance of newly listed convertible bonds is attributed to their long remaining terms and the influx of new funds, which have driven up their valuations [9][10]