在A股市场持续走强并刷新10年新高的同时，中证转债指数今日也攀升走高，创下自2015年6月以来的 逾10年高点。 中证转债指数近期表现不仅延续了自2025年以来的强势格局，更凸显其在权益市场波动中"进可攻、退 可守"的独特价值。 中证转债指数刷新逾10年高点 不过，也有部分转债因正股价格下跌，引发转债价格大跌。今日，天创时尚股价下跌8.88%，天创转债 也下跌了8.13%。 正股表现驱动 中证转债指数上一次创历史新高需追溯至2015年6月，当时A股正处于牛市巅峰，沪指一度突破5178 点，可转债市场随正股大幅上涨，指数最高触及589.59点。不过，随着A股市场大幅回调，转债市场也 进行了深度调整，随后该指数长期低位徘徊。 2019年后，转债市场估值逐渐回升，并在2025年创出了10年新高，近期再次刷新了阶段性高点。 1月6日，在权益市场强势走高，并刷新10年新高的背景下，中证转债指数也大涨1.35%，报505.77点， 创2015年6月以来高点。 塞力转债连续两个交易日实现20%涨停，成为近期表现最为强势的可转债。塞力转债的强势表现直接受 益于正股塞力医疗的连续涨停。作为以"AI+医疗大数据"为核心的智慧医疗 ...

Core Viewpoint - The A-share market continues to strengthen, reaching a 10-year high, while the China Convertible Bond Index has also risen, hitting its highest point since June 2015 [1][3]. Group 1: Market Performance - The China Convertible Bond Index has shown a strong performance since 2025, highlighting its unique value in the equity market's volatility, characterized by "offensive and defensive" capabilities [2]. - On January 6, the China Convertible Bond Index surged by 1.35% to 505.77 points, marking a high not seen since June 2015 [4]. - The recent strong performance of convertible bonds is driven by the underlying stocks, with notable examples including the Seer Medical bond, which saw a 20% increase due to the stock's performance [5]. Group 2: Key Catalysts - The core catalyst for the current market rally is the commercialization breakthrough in the brain-computer interface industry, with significant announcements from companies like Neuralink [4]. - Domestic policy support for the brain-computer interface sector is also increasing, with initiatives aimed at expediting the approval processes for related medical devices [4]. Group 3: Structural Trends - The recent rally in convertible bonds is characterized by two main features: strong performance of underlying stocks and concentrated thematic interest in sectors like brain-computer interfaces and AI healthcare [5]. - Despite some convertible bonds experiencing declines due to falling stock prices, the overall market sentiment remains positive, driven by high-growth sectors [6]. Group 4: Historical Context - The last time the China Convertible Bond Index reached a historical high was in June 2015, during a peak in the A-share bull market [8]. - Since 2019, the convertible bond market has gradually recovered, with a notable resurgence in 2025, reflecting a strong correlation with the performance of underlying stocks [9]. Group 5: Future Outlook - Analysts suggest that the upcoming "spring rally" in the A-share and convertible bond markets may be influenced by seasonal capital inflows and policy expectations [12]. - The performance of convertible bonds in the near term will depend on institutional investment behavior and the release of annual performance forecasts for A-shares [12].

在A股市场持续走强并刷新10年新高的同时，中证转债指数今日也攀升走高，创下自2015年6月以来的 逾10年高点。 中证转债指数近期表现不仅延续了自2025年以来的强势格局，更凸显其在权益市场波动中"进可攻、退 可守"的独特价值。 中证转债指数刷新逾10年高点 1月6日，在权益市场强势走高，并刷新10年新高的背景下，中证转债指数也大涨1.35%，报505.77点， 创2015年6月以来高点。 2025年以来，随着权益市场情绪回暖，可转债迎来补涨行情，估值修复推动指数持续上行。其中，科技 行情带动相关可转债的表现尤为突出。 塞力转债连续两个交易日实现20%涨停，成为近期表现最为强势的可转债。塞力转债的强势表现直接受 益于正股塞力医疗（603716）的连续涨停。作为以"AI+医疗大数据"为核心的智慧医疗综合服务商，塞 力医疗近期因脑机接口领域的多重利好成为资金追捧对象。1月5日，塞力医疗股价涨停，带动塞力转债 大涨20%；1月6日，正股再度涨停，转债价格盘中触及20%涨停，最终收涨20.00%，两日累计涨幅达 44%，领跑可转债市场。 此次行情的核心催化剂是脑机接口行业的商业化突破。特斯拉CEO埃隆·马斯克于202 ...

嘉美包装公告称，截至2025年12月31日，受"嘉美转债"累计转股影响，公司总股本增至982,167,045股， 控股股东中包香港持股比例由44.45%被动稀释至43.53%，变动比例为0.92%。2024年11月15日至2025年 11月12日，公司累计回购股份21,486,100股，截至2025年12月31日，中包香港持股占剔除回购股份后总 股本的44.50%。本次变动不涉及增减持、要约收购，不影响公司控制权、治理结构和持续经营能力。 ...

人民财讯12月31日电，深交所消息，12月29日至12月31日，本所共对119起证券异常交易行为采取了自 律监管措施，涉及盘中拉抬打压、虚假申报等异常交易情形；对近期严重异常波动的"嘉美包装 （002969）""嘉美转债"进行重点监控；上报证监会5起涉嫌违法违规案件线索。 ...

Core Viewpoint - The China Convertible Bond Index remained flat at 491.85 points on December 31, with notable fluctuations in individual convertible bonds [1]. Group 1: Performance Highlights - Tianzhun Convertible Bond, Tianchuang Convertible Bond, Maolai Convertible Bond, Guanglian Convertible Bond, and Zai22 Convertible Bond had the highest gains, increasing by 30.00%, 20.00%, 8.04%, 7.71%, and 7.50% respectively [1]. - Conversely, Jiamei Convertible Bond, Ruida Convertible Bond, Shenyu Convertible Bond, Fuli Convertible Bond, and Yingtai Convertible Bond experienced the largest declines, with decreases of 10.50%, 4.67%, 3.50%, 3.36%, and 3.16% respectively [1].

嘉美包装公告称，公司股票连续3个交易日（2025年12月24 - 26日）收盘涨幅偏离值超20%，12月17 - 26 日连续8个涨停，涨幅偏离值达109.54%，属严重异常波动；"嘉美转债"同期也出现异常波动。2025年前 三季度，公司营收20.39亿元，同比降1.94%；净利润3916.02万元，同比降47.25%。控股股东拟向逐越 鸿智转让股份，完成后实控人将变更为俞浩，但交易尚需多项审批，资金筹集也存不确定性，提醒投资 者注意风险。 ...

Core Viewpoint - The China Convertible Bond Index rose by 0.01% to 493.52 points on December 26, indicating a slight upward trend in the convertible bond market [1] Group 1: Top Gainers - The top gainers in the convertible bond market included: - Jiamei Convertible Bond, which increased by 12.68% - Mengsheng Convertible Bond, which rose by 12.45% - Dazhong Convertible Bond, which saw an increase of 8.69% - Jinzong Convertible Bond, which went up by 6.16% - Beigang Convertible Bond, which gained 4.68% [1] Group 2: Top Losers - The top losers in the convertible bond market included: - Huicheng Convertible Bond, which decreased by 3.46% - Jiazhe Convertible Bond, which fell by 3.17% - Guanzhong Convertible Bond, which dropped by 3.10% - Jingzhuang Convertible Bond, which declined by 3.02% - Huayi Convertible Bond, which saw a decrease of 2.91% [1]

Core Viewpoint - The China Convertible Bond Index rose by 0.43% to 492.48 points on December 25, indicating a positive trend in the convertible bond market [1] Group 1: Market Performance - The top gainers in the convertible bond market included: - Jia Mei Convertible Bond, up by 17.43% - Guanglian Convertible Bond, up by 11.67% - Zai 22 Convertible Bond, up by 11.51% - Tianjian Convertible Bond, up by 9.63% - Ruike Convertible Bond, up by 7.78% [1] - The top losers in the market were: - Huachen Convertible Bond, down by 3.76% - Lu Wei Convertible Bond, down by 2.04% - Ruida Convertible Bond, down by 1.76% - Yitian Convertible Bond, down by 1.75% - Huamao Convertible Bond, down by 1.61% [1]

Core Viewpoint - The China Convertible Bond Index rose by 0.39% on December 19, reaching 485.31 points, indicating a positive trend in the convertible bond market [1][2] Group 1: Market Performance - The China Convertible Bond Index closed at 485.31 points after a morning increase of 0.39% [1][2] - Notable gainers included: - Jia Mei Convertible Bond, which increased by 16.34% - Hua Ti Convertible Bond, which rose by 13.62% - Hui Cheng Convertible Bond, which saw a rise of 10.14% [1][2] - Conversely, the following bonds experienced declines: - Bo Rui Convertible Bond, which fell by 9.47% - Jin Zhong Convertible Bond, which decreased by 4.91% - Rui Da Convertible Bond, which dropped by 2.44% [1][2]