Refinancing of convertible bonds by A-share companies is heating up, and regulations are strictly preventing blind cross-border investments with the principle of "supporting the good and limiting the bad".

Since the release of the new regulations on refinancing, the A-share convertible bond market has set off a new wave of issuance frenzy. According to statistics, after the release of the new refinancing regulations, 17 companies have issued convertible bond issuance plans, with a total intended fundraising amount of nearly 22.5 billion yuan. The number of issuing companies and the intended fundraising scale have both increased by more than 70% compared to the same period last year. Plans with financing amounts exceeding 1 billion yuan, such as China Science and Technology and China Creativity, have significantly increased. Reporters have noticed that after the release of the new refinancing regulations, there are two significant features in the A-share convertible bond financing: the proportion of companies listed on the Science and Technology Innovation Board and the Growth Enterprise Market has significantly increased, and the raised funds are accelerating towards the new quality productivity track; convertible bond financing reviews have significantly sped up, and regulatory reviews strictly guard against blind cross-border investments, emphasizing the adequacy of information disclosure.