China Convertible Bond Index Opens 0.07% Lower

The dispersion here matters more than the index move: a 0.07% open is noise, but individual convertibles swinging from roughly -1.8% to +5% in the same session points to name-specific drivers rather than a broad repricing of convertible credit or equity-linked valuation. That split is the tell for a market where liquidity and single-issue flows dominate, and it affects holders concentrated in the weakest names far more than index trackers. Whether the widest movers hold their direction into the close, or fade, is the open question.