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
2025-06-05	03三峡债	038006	Shanghai Stock Exchange	8.1562	124.8156	4.1010	120.7146	2.0725	AAA
2025-06-05	01国开21	010221	China Inter-Bank Market	6.6055	119.0245	1.7980	117.2264	1.7459
2025-06-05	06冀建投债	068012	China Inter-Bank Market	0.8110	102.7359	0.7902	101.9457	1.7217	AAA
2025-06-05	24辽成大CP002	042400072	China Inter-Bank Market	0.0822	102.3727	2.3863	99.9864	2.5321	AA
2025-06-05	17招路02	112563	Shenzhen Stock Exchange	2.1726	110.7350	4.1204	106.6146	1.8430	AAA-
2025-06-05	02国债05	020005	Commercial Bank Counter Market	6.9671	108.2322	0.0946	108.1376	1.6584
2025-06-05	24工商银行CD063	112402063	China Inter-Bank Market	0.0767	99.8775	1.7393	98.1382	1.5988	AAA
2025-06-05	13青国投MTN001	101354012	China Inter-Bank Market	3.1918	113.8790	5.1564	108.7226	3.4419	AA-
2025-06-05	15东方财信PPN001	031564087	China Inter-Bank Market	0.0959	21.2553	1.1753	20.0800	2.1919	AA(2)
2025-06-05	23浙江01	101900	China Inter-Bank Market	4.6932	106.7279	0.9113	105.8166	1.6699	AAA+

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
2025-06-05	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	8.1562	124.8156	4.1010	120.7146	2.0725	6.68	56.88	0.0834	recommend	124.8289	4.1144	100.0000	AAA	CND0000004T5
2025-06-05	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.6055	119.0245	1.7980	117.2264	1.7459	5.72	38.58	0.0681	recommend	119.0369	1.8105	100.0000		CND0000002K8
2025-06-05	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.8110	102.7359	0.7902	101.9457	1.7217	0.81	1.30	0.0083	recommend	102.7474	0.8016	100.0000	AAA	CND000000KN0
2025-06-05	24辽成大CP002	042400072	Short-term commercial paper (CP)	China Inter-Bank Market	0.0822	102.3727	2.3863	99.9864	2.5321	0.09	0.02	0.0009	recommend	102.3799	2.3934	100.0000	AA	CND100084PS1
2025-06-05	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.1726	110.7350	4.1204	106.6146	1.8430	2.00	6.17	0.0222	recommend	110.7487	4.1341	100.0000	AAA-
2025-06-05	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.9671	108.2322	0.0946	108.1376	1.6584	6.33	45.48	0.0685	recommend	108.2400	0.1024	100.0000		CND0000002T9
2025-06-05	24工商银行CD063	112402063	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0767	99.8775	1.7393	98.1382	1.5988	0.08	0.01	0.0008	recommend	99.8827	1.7445	100.0000	AAA	CND100084Y84
2025-06-05	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.1918	113.8790	5.1564	108.7226	3.4419	2.77	10.97	0.0315	recommend	113.8965	5.1739	100.0000	AA-	CND100011881
2025-06-05	15东方财信PPN001	031564087	Private placement instruments (PPN)	China Inter-Bank Market	0.0959	21.2553	1.1753	20.0800	2.1919	0.10	0.02	0.0002	recommend	21.2589	1.1789	40.0000	AA(2)	CND100018FQ4
2025-06-05	23浙江01	101900	Local government bond	China Inter-Bank Market	4.6932	106.7279	0.9113	105.8166	1.6699	4.35	23.92	0.0464	recommend	106.7361	0.9195	100.0000	AAA+	CND100063JB4

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
2025-06-05	10914000146	4.3671	114.8885	1.1375	113.7510	2.9708	Recommend
2025-06-05	10914000188	1.1178	70.3941	2.2009	68.1931	3.1402	Recommend
2025-06-05	10914000199		141.2160	6.7400	134.4760	2.9221	Recommend
2025-06-05	10914010188	1.1178	70.4304	2.2009	68.2294	3.1406	Recommend
2025-06-05	10914020188	1.1753	70.5707	2.2009	68.3698	3.1440	Recommend
2025-06-05	10914030188	1.1863	70.5974	2.2009	68.3964	3.1446	Recommend
2025-06-05	10914040188	1.5315	71.4164	2.2009	69.2154	3.1580	Recommend
2025-06-05	10914050188	1.5699	71.5114	2.2009	69.3105	3.1595	Recommend
2025-06-05	10914060188	2.7939	109.7848	3.3013	106.4835	3.2050	Recommend
2025-06-05	10915000007	0.3562	102.3027	1.2667	101.0360	3.1391	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
2025-06-05	10914000146	4.3671	114.8885	1.1375	113.7510	2.9708	114.9060	1.1550	Recommend
2025-06-05	10914000188	1.1178	70.3941	2.2009	68.1931	3.1402	70.4070	2.2138	Recommend
2025-06-05	10914000199		141.2160	6.7400	134.4760	2.9221	141.2360	6.7600	Recommend
2025-06-05	10914010188	1.1178	70.4304	2.2009	68.2294	3.1406	70.4433	2.2138	Recommend
2025-06-05	10914020188	1.1753	70.5707	2.2009	68.3698	3.1440	70.5836	2.2138	Recommend
2025-06-05	10914030188	1.1863	70.5974	2.2009	68.3964	3.1446	70.6102	2.2138	Recommend
2025-06-05	10914040188	1.5315	71.4164	2.2009	69.2154	3.1580	71.4292	2.2138	Recommend
2025-06-05	10914050188	1.5699	71.5114	2.2009	69.3105	3.1595	71.5243	2.2138	Recommend
2025-06-05	10914060188	2.7939	109.7848	3.3013	106.4835	3.2050	109.8041	3.3206	Recommend
2025-06-05	10915000007	0.3562	102.3027	1.2667	101.0360	3.1391	102.3193	1.2833	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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