China Convertible Bond Index Opens Up 0.66%

A broad index gain led by a handful of names rather than uniform strength suggests the move is concentrated, so the headline number may overstate how widely the bid is distributed. The dispersion matters more than the index itself: several convertibles rising sharply while others slip points to name-specific flows or news rather than a sector-wide repricing. Whether the leaders' gains hold and whether the laggards keep softening is the open question for anyone tracking convertible sentiment as a proxy for risk appetite.