Convertible bonds are t+0 transactions. There is no limit on the number of transactions of convertible bonds in a day. Convertible bonds can be bought and sold on the same day. Because the T+0 trading mechanism is implemented, convertible bonds bought on the same day can be sold on the same day. And as long as users open a stock account, they can buy and sell convertible bonds. Like other bonds, convertible bonds also have specified interest rates and terms, and investors can choose to hold the bonds to maturity and receive principal and interest.

1. Convertible bonds are called convertible corporate bonds. In the domestic market, it refers to bonds that can be converted into company shares under certain conditions. Convertible bonds have the dual attributes of debt and options. Their holders can choose to hold the bonds until maturity and receive principal and interest payments from the company; they can also choose to convert them into stocks within an agreed time and enjoy dividend distribution or capital appreciation. Therefore, the investment community generally jokingly calls convertible bonds a stock that guarantees principal for investors. Convertible bonds have the attributes of both stocks and bonds, combining the long-term growth potential of stocks with the safety and fixed-income advantages of bonds. In addition, convertible bonds have priority in repayment than stocks.

2. Investors should pay full attention to the following risks when investing in convertible bonds: 1. Investors in convertible bonds must bear the risk of stock price fluctuations. 2. Risk of interest loss. When the stock price falls below the conversion price, convertible bond investors are forced to become bond investors. Because the interest rate of convertible bonds is generally lower than the interest rate of ordinary bonds of the same grade, it will cause interest losses to investors. 3. Risk of early redemption. Many convertible bonds provide that the issuer can redeem the bond at a certain price after a period of issuance. Early redemption limits the maximum rate of return for investors.

3. Convertible bonds also have the following trading characteristics: 1. Convertible bonds have no price limit. Convertible bonds have no price limit. However, when the price of convertible bonds reaches a certain level, Trading will be temporarily suspended. For convertible bonds on the Shanghai Stock Exchange, when their first rise or fall reaches 20%, trading will be suspended for 30 minutes. If the suspension time reaches 14:57 or exceeds 14:57, trading will be resumed at 14:57; When the next rise or fall reaches 30%, trading will be suspended until 14:57; for convertible bonds in the Shenzhen Stock Exchange, when the trading price rises or falls by 20%, or when it reaches 30%, trading will be suspended for 30 minutes, and the suspension time exceeds 14:57 , trading resumed at 14:57, and a call auction was conducted for the resumption of trading. 2. Trading unit The minimum trading unit of convertible bonds is 10 lots, and each purchase must be an integral multiple of 10 lots.