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].