ChinaBond-- ChinaBond Valuation

ChinaBond Valuation

Date	Bond Name	Bond Code	Market	Maturity(Yrs)	Full Price(Mid-Day) (Yuan)	Accrued Interest (Mid-Day) (Yuan)	Net Price (Yuan)	YTM (%)	ChinaBond Market Implied Rating
2025-07-01	03三峡债	038006	Shanghai Stock Exchange	8.0849	125.5735	4.4472	121.1262	2.0031	AAA
2025-07-01	01国开21	010221	China Inter-Bank Market	6.5342	119.3610	2.1227	117.2383	1.7180
2025-07-01	06冀建投债	068012	Shanghai Stock Exchange	0.7397	102.8860	1.0879	101.7981	1.6877	AAA
2025-07-01	24辽成大CP002	042400072	China Inter-Bank Market	0.0110	102.5568	2.5715	99.9853	2.5600	AA
2025-07-01	17招路02	112563	Shenzhen Stock Exchange	2.1014	111.0284	4.4752	106.5532	1.7734	AAA-
2025-07-01	02国债05	020005	China Inter-Bank Market	6.8959	108.2856	0.2995	107.9861	1.6691
2025-07-01	24工商银行CD063	112402063	China Inter-Bank Market	0.0055	99.9917	1.8735	98.1182	1.5117	AAA
2025-07-01	13青国投MTN001	101354012	China Inter-Bank Market	3.1205	114.5381	5.6109	108.9272	3.3176	AA-
2025-07-01	23浙江01	101900	Shanghai Stock Exchange	4.6219	107.0408	1.1229	105.9179	1.6291	AAA+
2025-07-01	15东方财信PPN001	031564087	China Inter-Bank Market	0.0247	21.2884	1.2679	20.0205	2.2074	AA(2)

Date	Bond Name	Bond Code	Bond Property	Market	Maturity(Yrs)	Full Price(Mid-Day) (Yuan)	Accrued Interest (Mid-Day) (Yuan)	Net Price (Yuan)	YTM (%)	Modified Duration	Convexity	BPV	Recommendation	Full Price (End Day)(Yuan)	Accrued Interest (End Day) (Yuan)	Residual Principal(Yuan)	ChinaBond Market Implied Rating	ISIN
2025-07-01	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	8.0849	125.5735	4.4472	121.1262	2.0031	6.62	56.00	0.0832	recommend	125.5868	4.4605	100.0000	AAA	CND0000004T5
2025-07-01	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.5342	119.3610	2.1227	117.2383	1.7180	5.65	37.75	0.0674	recommend	119.3735	2.1351	100.0000		CND0000002K8
2025-07-01	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.7397	102.8860	1.0879	101.7981	1.6877	0.74	1.08	0.0076	recommend	102.8975	1.0994	100.0000	AAA	CND000000KN0
2025-07-01	24辽成大CP002	042400072	Short-term commercial paper (CP)	China Inter-Bank Market	0.0110	102.5568	2.5715	99.9853	2.5600	0.02	0.00	0.0002	recommend	102.5640	2.5786	100.0000	AA	CND100084PS1
2025-07-01	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.1014	111.0284	4.4752	106.5532	1.7734	1.93	5.84	0.0215	recommend	111.0421	4.4888	100.0000	AAA-
2025-07-01	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.8959	108.2856	0.2995	107.9861	1.6691	6.26	44.55	0.0678	recommend	108.2935	0.3073	100.0000		CND0000002T9
2025-07-01	24工商银行CD063	112402063	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0055	99.9917	1.8735	98.1182	1.5117	0.01	0.00	0.0001	recommend	99.9969	1.8786	100.0000	AAA	CND100084Y84
2025-07-01	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.1205	114.5381	5.6109	108.9272	3.3176	2.70	10.55	0.0310	recommend	114.5556	5.6284	100.0000	AA-	CND100011881
2025-07-01	23浙江01	101900	Local government bond	Shanghai Stock Exchange	4.6219	107.0408	1.1229	105.9179	1.6291	4.28	23.27	0.0458	recommend	107.0490	1.1310	100.0000	AAA+	CND100063JB4
2025-07-01	15东方财信PPN001	031564087	Private placement instruments (PPN)	China Inter-Bank Market	0.0247	21.2884	1.2679	20.0205	2.2074	0.02	0.00	0.0001	recommend	21.2920	1.2715	40.0000	AA(2)	CND100018FQ4

Insurance Asset Management Products Valuation

for more indices

Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Recommendation
2025-07-01	10914000146	4.2959	115.3467	1.5925	113.7542	2.9224	Recommend
2025-07-01	10914000188	1.0466	70.5779	2.5356	68.0423	3.0702	Recommend
2025-07-01	10914000199		142.7675	7.2600	135.5075	2.7891	Recommend
2025-07-01	10914010188	1.0466	70.6140	2.5356	68.0784	3.0703	Recommend
2025-07-01	10914020188	1.1041	70.7593	2.5356	68.2237	3.0695	Recommend
2025-07-01	10914030188	1.1151	70.7868	2.5356	68.2512	3.0697	Recommend
2025-07-01	10914040188	1.4603	71.6165	2.5356	69.0809	3.0979	Recommend
2025-07-01	10914050188	1.4986	71.7112	2.5356	69.1756	3.1027	Recommend
2025-07-01	10914060188	2.7227	110.1066	3.8032	106.3034	3.1644	Recommend
2025-07-01	10915000007	0.2849	101.0236	0.1667	100.8569	3.0447	Recommend

Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Full Price(End Day)(Yuan)	Accrued Interest(End Day)(Yuan)	Recommendation
2025-07-01	10914000146	4.2959	115.3467	1.5925	113.7542	2.9224	115.3642	1.6100	Recommend
2025-07-01	10914000188	1.0466	70.5779	2.5356	68.0423	3.0702	70.5908	2.5485	Recommend
2025-07-01	10914000199		142.7675	7.2600	135.5075	2.7891	142.7875	7.2800	Recommend
2025-07-01	10914010188	1.0466	70.6140	2.5356	68.0784	3.0703	70.6269	2.5485	Recommend
2025-07-01	10914020188	1.1041	70.7593	2.5356	68.2237	3.0695	70.7722	2.5485	Recommend
2025-07-01	10914030188	1.1151	70.7868	2.5356	68.2512	3.0697	70.7997	2.5485	Recommend
2025-07-01	10914040188	1.4603	71.6165	2.5356	69.0809	3.0979	71.6294	2.5485	Recommend
2025-07-01	10914050188	1.4986	71.7112	2.5356	69.1756	3.1027	71.7240	2.5485	Recommend
2025-07-01	10914060188	2.7227	110.1066	3.8032	106.3034	3.1644	110.1259	3.8225	Recommend
2025-07-01	10915000007	0.2849	101.0236	0.1667	100.8569	3.0447	101.0402	0.1833	Recommend

The above Insurance Asset Management Products Valuation is compiled and released by ChinaBond Pricing Center CO.,LTD and Zhongbao Insurance Asset Registration And Exchange CO.,LTD jointly.

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