Convertible bond valuations rise to high levels, new bonds frequently see maximum price increases.

The maximum increase of "57.3%" is becoming a standard for the first day of listing for convertible bonds this year. On January 30th, the new convertible bond "Nipu Convertible 02" opened with a 30% increase, triggering a temporary trading halt. In the last three minutes of trading, the bond's increase further expanded to 57.3%. Data shows that since 2026, new convertible bonds have consistently replicated this 57.3% maximum increase on their first day of listing. Furthermore, after the first day of listing, these new bonds continue to attract funds. Many new bonds have seen continuous increases after listing, quickly surpassing the 200 yuan threshold. Market participants indicate that the significant increases in new bonds reflect the overall market enthusiasm, but caution is necessary due to the market's historical overvaluation.