在国外金融市场上，可转换债券已是非常成熟的金融产品和重要的投融资工具。
In foreign financial market, convertible bond has already been a kind of mature financial product.
上市公司可转换债券作为一种新的上市公司再融资工具，为我国的证券市场增添了活力。
As a new refinancing instruments of quoted company, convertible bond adds energy to securities business.
研究表明，我国公司发行可转换债券后市场没有出现显著负的反应，与股权再融资的市场反应明显不同，与国外可转换债券发行的市场反应有差异。
The research shows that there is a significant difference of market reactions between convertible issues and stock issues of Chinese companies. And the market also differs with foreign markets.
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