The highest declared price of 1. convertible bonds in call auction phase is higher than the previous closing price of 150% and shall not be lower than 70% of the previous closing price.

2. The declared transaction price of funds, bonds and bond repurchases in the continuous bidding stage shall not be higher than 1 10% of the lowest selling price immediately disclosed, nor shall it be lower than 90% of the lowest buying price immediately disclosed; At the same time, it shall not be higher than 130% of the average of the above-mentioned highest and lowest declared prices, nor shall it be lower than 70% of the average.

3. Compared with the previous closing price, the intraday fluctuation range of convertible bonds reached 20% for the first time and 30% for a single time.

4. The first intraday temporary suspension lasts for 30 minutes. If the suspension time for the first time reaches or exceeds 14:57, the trading will be resumed on the same day 14:57; The second intraday suspension lasted until the same day 14:57.

The trading rules of convertible bonds include pricing, trading methods and trading costs. Pricing is the theoretical value of convertible bonds and the sum of pure bond value and complex option value. The influencing factors mainly include the pure bond value such as stock price, conversion price, government and convertible bond scale. The relationship between the theoretical value of convertible bonds and the conversion value of the successor station, when the stock price falls, the price of convertible bonds approaches the pure debt value, and when the government price rises, the price of convertible bonds approaches the conversion value. Convertible bonds are traded in T 0 mode, and the entrustment, trading, custody, sub-custody, market disclosure and trading time refer to A-share convertible bonds. The transaction will be terminated 10 trading day before the end of the conversion period, and the exchange will announce the transferable custody one week before the end of the trading period with reference to the trading rules of A shares.