CSI Convertible Bond Index Opens Up 0.26%; Zuoli, Qianhong Bonds Jump 30%

The 30% moves in Zuoli and Qianhong stand far apart from the modest single-digit gains elsewhere, a sign that individual credit stories rather than broad index direction are driving convertible bond trading here. The split between those outsized movers and the softer names like Peidi and Aike suggests dispersion is widening even as the index edges up. Whether that gap reflects issuer-specific developments or simply thin liquidity in smaller bonds is the open question worth watching.