Existing redemptions are strong, making it difficult to increase volume. The situation of convertible bonds being in short supply has worsened.

Wind data shows that as of August 5th, 71 convertible bonds have been delisted from the exchange this year, with 51 of them being delisted due to redemption. As a result, the total outstanding convertible bonds have decreased by 80.564 billion yuan to 653.058 billion yuan. Some analysts believe that the rebound in the equity market, combined with the decline in new financing costs, has accelerated the strong redemption and delisting of convertible bonds. With limited new listings, the imbalance between supply and demand in the convertible bond market may continue to worsen.