China convertible bond index opens up 0.06%

The index's marginal gain masks a highly uneven session, with one convertible bond surging 30% while the broader list of movers is dominated by single-digit moves and a cluster of decliners. That dispersion suggests the asset class is trading on idiosyncratic, issue-level drivers rather than a shared macro or credit impulse. For China's convertible market, the question worth watching is whether such extreme single-name moves persist without a corresponding broadening in the index.