CITIC Securities research shows a low conversion-premium convertible bond strategy (20-issue portfolio) returned 36.64% in 2025 and 23.72% YTD to May 22, 2026. Historical data indicate stronger outcomes with smaller portfolios, implying the approach is more effective as an active/trading strategy than as an index-style allocation. The firm views the strategy as a relatively attractive relative-return play in the current China market and believes it may retain cost-effectiveness and efficacy goin

Yangtze Optical Fibre and Cable (06869.HK) shares rose more than 10%.

AkademikerPension has added SpaceX to its exclusion list, citing governance-related ESG concerns. The decision comes as SpaceX readies an IPO targeting at least a $1.8 tln valuation and reportedly seeks to raise up to $75 bln, which would be the largest IPO on record if completed. AkademikerPension, with about $25 bln in AUM and a history of excluding Tesla (TSLA.O) and US Treasuries on sustainability grounds, said governance is its primary reason for avoidance and that, while it would consider investing if risk-adjusted returns justified it, the company's valuation is already "seriously overvalued."