The outstanding bank convertible bonds will all mature in 2028.

Bank convertible bonds will face another "reduction" - the Ziyin convertible bond and the Qingnong convertible bond will mature in July and August respectively, at which time the number of bank convertible bonds will be further reduced. So far this year, there have been no new issuances of bank convertible bonds, and the market imbalance between supply and demand continues to worsen. Industry analysts point out that the listing banks generally trading below net asset value are suppressing the pace of new convertible bond issuance, making it difficult for short-term supply to significantly rebound; coupled with the weak trend of the sector's main stocks, investors' willingness to convert stocks is low, and the core function of convertible bonds to supplement core Tier 1 capital is difficult to realize, making high-quality, highly rated bank convertible bonds likely to become a scarce holding in the market. According to statistics, apart from the Ziyin convertible bond and the Qingnong convertible bond, the remaining four bank convertible bonds will mature before October 2028, with the Changyin convertible bond and the Zhongyin convertible bond maturing in 2028, and the Shangyin convertible bond and the Xingye convertible bond maturing in 2027. The latest maturing bank convertible bond is the Changyin convertible bond, which will mature on September 15, 2028.