A is the transaction price of the discount transaction, which is a little lower than the actual net value.
A discount makes investors lose 20-50% instantly, that's right.
The conversion of graded funds is based on the net value of funds, not on the market value. Therefore, if you hold a Class B share before the conversion, you will find that the market value of the stock decreases, because the graded Class B share is usually an on-site premium, and the price is higher than the net value. Therefore, after the resumption of trading, it is necessary to restore the premium through the daily limit of B, so as to restore the market value of the shares held. However, if the customers who buy B at a high premium in the market, B needs to continue to rise after conversion to recover. So this part of the loss can be made up by splitting the parent fund.
Class a is just the opposite. If you buy Class A before the conversion, it should be around 0.8-0.9 yuan. Generally, it will fall or even fall after the resumption of trading. If A doesn't suspend trading and resume discount, isn't it a risk-free arbitrage with empty gloves and white wolves?