For example, this time the convertible bonds of Bank of China fell below the face value, does it mean that there is a problem with the bank's funds?

First, Sinopec’s planned issuance of 30 billion yuan of convertible bonds has accelerated market expansion, tilted supply and demand, and put pressure on the market; especially when the first batch of convertible bonds has not been converted into shares or principal and interest have been repaid, this will break the

Under the original market expectations and valuation system, the equity nature of convertible bonds is weakening and the debt nature is increasing.

If the conversion price of the second convertible bond is lower than that of the first, the first convertible bond will have no value.

Breaking the rules of the game caused convertible bonds, including Bank of China's convertible bonds, to plummet.

Second, the weakness of the stock market has further dragged down the convertible bond market; third, due to the pressure on the capital chain and liquidity, many funds holding convertible bonds have reduced their holdings of convertible bonds.

It does not mean that there is a problem with bank funds.