1, breaking risk, the closing price on the first day of listing is lower than 100 yuan, not all convertible bonds will exceed 100 yuan on the first day of listing.

2, the risk of default, if the company's capital chain breaks, the bond principal is gone, let alone stable profits.

3, transaction risk, convertible bonds can be bought and sold on the same day, which is the so-called T+ 0 transaction. Many people buy and sell frequently, and the result is that they don't grasp the losses.