According to the CITIC Construction Investment Research Report, looking ahead to November, although there is uncertainty that the volatility of equity assets will increase in the short term, the current debt-conversion assets with a median price of 125 yuan already have initial allocation value. The supply and demand for debt-conversion assets will continue to be mismatched for some time to come, and the anchoring effect of historical valuations is limited. It is recommended to evaluate the investment value of debt-converted assets more from an absolute return perspective, gradually adjust risk exposure according to the allocated value of the assets, and moderately reduce predictions on short-term trends in equity assets. Therefore, it is recommended to grasp the current bond conversion allocation window, gradually increase allocations according to fluctuations in the price center, give priority to double low strategies or index-like strategies, and distribute the industry in a balanced manner.

According to the CITIC Construction Investment Research Report, looking ahead to November, although there is uncertainty that the volatility of equity assets will increase in the short term, the current debt-conversion assets with a median price of 125 yuan already have initial allocation value. The supply and demand for debt-conversion assets will continue to be mismatched for some time to come, and the anchoring effect of historical valuations is limited. It is recommended to evaluate the investment value of debt-converted assets more from an absolute return perspective, gradually adjust risk exposure according to the allocated value of the assets, and moderately reduce predictions on short-term trends in equity assets. Therefore, it is recommended to grasp the current bond conversion allocation window, gradually increase allocations according to fluctuations in the price center, give priority to double low strategies or index-like strategies, and distribute the industry in a balanced manner.