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By an inflated revenue impact of the news, not only stocks, warrants crashed or reported, Sichuan Changhong issued a separate trading of convertible bonds, "09 Changhong debt" Yesterday (2 25) is also in the secondary market experienced investors selling down heavy volume. Market participants said the bond market outlook, the investigation into the incident needs to wait and see the progress, and its fluctuations on the bond market was limited. Yesterday (Feb. 25), "09 Changhong debt" all the way down, reportedly opened the highest point of the day 76.35 yuan, after 10 am the first volume appeared to enlarge, then all the way down to about 2 o'clock midday to full-day minimum point of 75.75 yuan, while turnover amplification, although some recovery late, but the day's decline was reached 0.63%, listed the date of the first separation of convertible bonds decreases. From the turnover of view, "09 Changhong debt" up to 132 million yuan yesterday, while the previous week's daily average turnover of only 22.4222 million yuan, an increase of nearly 5 times. According to release data, "09 Changhong debt" by Sichuan Changhong on July 31, 2009 issue, the same year on August 19 at the Shanghai Stock Exchange, issue size of three billion yuan, for 6 years, the fixed annual interest rate of 0.8 %. At that time, assess the integrity of the Securities Limited rating given indications, the Company long-term debt rating AA?, Bond rating of AA. Fact, due to the negative news issuers and bonds so that it be hit in the secondary market is not the first time the situation occurred. Take the same for the separation of trading of convertible bonds, Oct. 2008, the market rumors Jiangxi Copper losses on futures market on its fundamentals have a greater concern, the Company issued the "08 Jiangxi Copper debt" has been to the market sell-off, the day the biggest decline in nearly 10% of the session, then losing streak 4 days, the cumulative drop of more than 12%. In addition, some short-term financing bonds, medium term notes and other credit products has been postponed because the distribution of events occur, such as face selling situation, than the most typical case in 2006 brought Fu Xi Fu Xi Short Pieces storm. In this case, "09 Changhong debt," the trend will go? Analysts believe that the rumors still have to closely follow the financial progress of the cases, listed companies have now made a clarification, but the two sides argued for their own specific situations will depend on the follow-up investigation. But one broker said traders expected the situation would not too bad, so investors need not be alarmed, the event's impact on the bond market is also very limited. SW Securities Research Institute, believes that the current financial events on Sichuan Changhong significant impact on the financial statements are less likely to credit risk has not increased significantly. Yesterday (February 25) "09 Changhong debt" big adjustment, reflecting investor concerns about risk and see, but instead bring some trading opportunities.

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