Convertible bonds refer to bonds issued by enterprises to obtain funds, which can be converted into stocks at maturity. In the transaction process of convertible bonds, two concepts, the entrusted price and the average transaction price, are usually involved.

Entrusted price refers to the transaction price set by investors when they entrust transactions. The entrusted price is mainly used to limit the price range of the transaction, prevent the transaction price from being too low or too high, and protect the interests of investors.

The average transaction price refers to the average price of convertible bonds actually traded in the day's transaction. The average transaction price is mainly used to reflect the market price of convertible bonds on the day and provide reference for investors' decision-making.