Investment losses will not occur as long as the fund manager does his duty, but there have been mistakes in the past that have caused great losses. The most important impact is that there are few convertible bonds. BOC and ICBC are large-scale convertible bonds, occupying a very important share of the convertible bond market. Once the compulsory redemption is completed, the investment target of the convertible bond fund is greatly reduced, which may have a pulling effect on the remaining convertible bonds, and there is nothing else to buy.

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