$XTALPI(02228.HK)

The current short position = convertible bond hedging positions.

Main channels = Citigroup selling, HSBC lending shares.

The shares are not from the bonds themselves, but are circulating shares borrowed by institutions.

Short-term price suppression, medium to long-term potential buy-side pressure.

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.