---
title: "The ChiNext ETF Tianhong (159977) underlying index rose nearly 1% at the beginning of the session, and CATL is reportedly considering issuing convertible bonds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282613955.md"
description: "On April 14th, the A-shares opened, with the ChiNext index rising 0.92%. The ChiNext ETF Tianhong (159977) had a trading volume exceeding 9.5 million yuan, with a premium/discount rate of 0.09%. CATL is considering issuing convertible bonds in Hong Kong to raise up to 5 billion dollars, but has not made a final decision yet. Zhonghang Securities stated that China's economic recovery exceeds expectations, and A-shares are expected to enter a profit-driven phase, with the new energy industry welcoming significant opportunities"
datetime: "2026-04-14T01:54:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282613955.md)
  - [en](https://longbridge.com/en/news/282613955.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282613955.md)
---

# The ChiNext ETF Tianhong (159977) underlying index rose nearly 1% at the beginning of the session, and CATL is reportedly considering issuing convertible bonds

On April 14th, the A-shares opened, and the ChiNext index opened higher, rising 0.92% as of the time of publication. Among the constituent stocks of this index, Xiechuang Data 20CM hit the daily limit.

In terms of related ETFs, **Tianhong ChiNext ETF (159977)** had a trading volume exceeding 9.5 million yuan as of the time of publication, with a premium/discount rate of 0.09%, frequently experiencing premium trading at the beginning of the session.

The **Tianhong ChiNext ETF (159977)** closely tracks the ChiNext index, gathering assets of new productive forces, with significant characteristics of high growth and high elasticity. The management fee rate is 0.15%, and the custody fee rate is 0.05%, which is among the lowest in the market for index fund fees.

On the news front, according to Caixin, informed sources revealed that CATL is considering selling shares in Hong Kong to raise up to $5 billion. These sources indicated that CATL has had preliminary discussions with banks regarding this placement. **CATL is also considering issuing convertible bonds** to meet part of its financing needs. Currently, these considerations are still ongoing, and no final decision has been made.

**AVIC Securities** stated that the current recovery of the Chinese economy is exceeding expectations, and A-shares are expected to enter a profit-driven phase. This round of economic transformation bull market is likely to continue, and China's new energy industry is expected to welcome significant opportunities. In the second quarter, the situation in the Middle East may still be volatile, and combined with calendar effects, A-shares may experience strong fluctuations.

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