No, convertible bonds are medium-risk products, and the corresponding risk level is R3, which requires stable and above investors to trade. At present, investors need to open a stock account when trading convertible bonds, and open the trading authority of convertible bonds in the stock account.

At present, the risk level of investment products is divided into five levels, R1 belongs to low-risk products, and monetary funds, structured deposits and national debt belong to low-risk products. R2 is a medium-low risk product, while bond funds and R2-level wealth management are medium-low risk products. R3 is a medium-risk product, convertible bonds, and some hybrid funds are medium-risk products; R4 belongs to medium and high risk products, while funds and stocks belong to medium and high risk products. R5 is a high-risk product.

convertible bonds are a way of financing for listed companies, which have the dual nature of bonds and stocks. Convertible bonds can be traded at any time after listing, or they can be converted into stocks after listing for six months, and the trading rules of stocks are implemented after conversion.