Mass delisting leads to supply and demand imbalance; the convertible bond market urgently needs to "quench its thirst."

People’s Financial News, March 27 - Since March, the convertible bond market has experienced a wave of delistings. According to preliminary statistics from reporters, the number of delistings in the convertible bond market in March will exceed 20, and this trend is expected to continue into April. Meanwhile, the issuance of new convertible bonds has accelerated again. The issuance plans for convertible bonds from four companies, including Sheneng Co. and Sanda Semi, have received registration approvals. However, several market participants interviewed by reporters believe that the current supply and demand imbalance in the convertible bond market is still difficult to fully reverse, and they are looking forward to more varieties of convertible bonds being issued. In the current landscape, the high valuation of convertible bonds is expected to persist, with market pricing reflecting more of the trading attributes. Meanwhile, the convertible bonds on the Beijing Stock Exchange and the Science and Technology Innovation Board are still in their infancy and have not been able to meet the corresponding allocation demand. (Shanghai Securities Journal)