---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38681833.md"
description: "$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."
datetime: "2026-02-12T04:38:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38681833.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38681833.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38681833.md)
author: "[江汉南京](https://longbridge.com/en/profiles/16860474.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38681833.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38681833.md)


# $XTALPI(02228.HK)The current short position = conv…


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