Core Viewpoint - Multiple indices for convertible bonds and exchangeable bonds have been officially launched, providing diverse performance benchmarks and investment targets for the market [1]. Group 1: Index Series Launch - The China Securities Index Company has released several indices, including the AAA Convertible Bond and Exchangeable Bond Index, High-Grade Convertible Bond and Exchangeable Bond Index, and Medium-High Grade Convertible Bond and Exchangeable Bond Index [1][3]. - The indices are constructed from convertible and exchangeable bonds listed on exchanges, selected based on their credit ratings to reflect the overall performance of bonds within those categories [3]. Group 2: Sample Composition and Adjustments - The sample space for the indices includes bonds that meet specific criteria, such as being listed on exchanges, having fixed interest payment methods, and excluding certain types of bonds [3]. - The AAA index includes 32 convertible or exchangeable bonds, while the High-Grade index includes 73, and the Medium-High Grade index includes 192 bonds [4]. Group 3: Expansion of Bond Indices - The bond index product series has been continuously enriched, with additional indices launched this year, including those focused on industry-specific convertible bonds [6]. - The growth in bond indices is driven by regulatory support and increasing demand from institutional and individual investors, as the bond market has performed well [6]. Group 4: Bond ETF Growth - The expansion of bond indices supports the rapid growth of bond ETF products, with the total scale of bond ETFs exceeding 370 billion yuan, increasing by nearly 200 billion yuan since the beginning of the year [7]. - The advantages of passive bond funds, particularly bond ETFs, have been highlighted, including transparency, stable duration, low fees, and unique trading features [7].

Core Viewpoint - The Shanghai Stock Exchange and China Securities Index Co., Ltd. will officially launch the Shanghai Stock Exchange Subdivided Credit Rating Convertible Bond and Exchangeable Bond Index Series on June 27, 2025, providing diversified performance benchmarks and investment targets for the market [1] Group 1 - The new index series aims to enhance market offerings by introducing a variety of performance benchmarks [1] - The launch date is set for June 27, 2025, indicating a planned approach to expanding investment options [1] - The initiative is expected to cater to the growing demand for diversified investment products in the bond market [1]

Group 1 - The Shanghai Stock Exchange (SSE) and China Securities Index Company will officially launch the Shanghai Segmented Credit Rating Convertible Bond and Exchangeable Bond Index Series on June 27, 2025 [1] - The index series will select bonds from the SSE-listed convertible corporate bonds and exchangeable corporate bonds based on their respective credit ratings to reflect the overall performance of the corresponding credit-rated convertible and exchangeable bonds [1]