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
2025-10-22	03三峡债	038006	Shanghai Stock Exchange	7.7753	119.2107	1.0918	118.1189	2.2884	AAA
2025-10-22	01国开21	010221	Commercial Bank Counter Market	6.2247	116.5287	1.2528	115.2759	1.9047
2025-10-22	16东方财信PPN001	031664011	China Inter-Bank Market	0.2685	104.3029	3.5844	100.7186	2.1320	AA(2)
2025-10-22	06冀建投债	068012	Shanghai Stock Exchange	0.4301	103.4369	2.3820	101.0549	1.6491	AAA
2025-10-22	24胶州城投CP001	042400083	China Inter-Bank Market	0.0274	102.3520	2.3440	100.0080	1.7231	AA(2)
2025-10-22	17招路02	112563	Shenzhen Stock Exchange	1.7918	106.5334	1.0369	105.4965	1.8296	AAA-
2025-10-22	24工商银行CD130	112402130	China Inter-Bank Market	0.0027	99.9962	1.8979	98.0983	1.3779	AAA
2025-10-22	02国债05	020005	Commercial Bank Counter Market	6.5863	108.7549	1.1899	107.5649	1.6822
2025-10-22	13青国投MTN001	101354012	China Inter-Bank Market	2.8110	110.4358	1.2061	109.2297	2.9078	AA-
2025-10-22	23浙江01	101900	Commercial Bank Counter Market	4.3123	107.1160	2.0424	105.0737	1.7373	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
2025-10-22	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.7753	119.2107	1.0918	118.1189	2.2884	6.55	53.44	0.0781	recommend	119.2240	1.1052	100.0000	AAA	CND0000004T5
2025-10-22	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	6.2247	116.5287	1.2528	115.2759	1.9047	5.44	34.81	0.0634	recommend	116.5410	1.2651	100.0000		CND0000002K8
2025-10-22	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.2685	104.3029	3.5844	100.7186	2.1320	0.27	0.14	0.0028	recommend	104.3164	3.5978	100.0000	AA(2)	CND100018KS0
2025-10-22	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.4301	103.4369	2.3820	101.0549	1.6491	0.43	0.37	0.0045	recommend	103.4484	2.3935	100.0000	AAA	CND000000KN0
2025-10-22	24胶州城投CP001	042400083	Short-term commercial paper (CP)	China Inter-Bank Market	0.0274	102.3520	2.3440	100.0080	1.7231	0.03	0.00	0.0003	recommend	102.3586	2.3506	100.0000	AA(2)	CND10008L3N2
2025-10-22	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.7918	106.5334	1.0369	105.4965	1.8296	1.71	4.66	0.0183	recommend	106.5470	1.0506	100.0000	AAA-
2025-10-22	24工商银行CD130	112402130	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9962	1.8979	98.0983	1.3779	0.00	0.00	0.0000	recommend	100.0014	1.9031	100.0000	AAA	CND10008LT78
2025-10-22	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.5863	108.7549	1.1899	107.5649	1.6822	5.95	40.68	0.0647	recommend	108.7628	1.1978	100.0000		CND0000002T9
2025-10-22	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.8110	110.4358	1.2061	109.2297	2.9078	2.57	9.33	0.0284	recommend	110.4533	1.2236	100.0000	AA-	CND100011881
2025-10-22	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.3123	107.1160	2.0424	105.0737	1.7373	3.97	20.40	0.0425	recommend	107.1242	2.0505	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
2025-10-22	10914000146	3.9863	113.1184	0.3675	112.7509	2.9396	Recommend
2025-10-22	10914000188	0.7370	37.6506	3.3723	34.2783	3.0748	Recommend
2025-10-22	10914000199		101.1053	1.4284	99.6768	2.9971	Recommend
2025-10-22	10914010188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914020188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914030188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914040188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914050188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914060188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10915000009	0.1753	100.8034	0.3839	100.4195	2.9739	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
2025-10-22	10914000146	3.9863	113.1184	0.3675	112.7509	2.9396	113.1359	0.3850	Recommend
2025-10-22	10914000188	0.7370	37.6506	3.3723	34.2783	3.0748	37.6570	3.3787	Recommend
2025-10-22	10914000199		101.1053	1.4284	99.6768	2.9971	101.1181	1.4413	Recommend
2025-10-22	10914010188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914020188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914030188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914040188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914050188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914060188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10915000009	0.1753	100.8034	0.3839	100.4195	2.9739	100.8182	0.3987	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.

Legislation

Any Institution or Individual who intends to use ChinaBond Pricing Data Products to develop products, or use index data as benchmark, as well as to develop the passive investment products, ETF products and derivatives, shall apply to ChinaBond Pricing Center Co., Ltd. separately in writing.Contact information: 010-88170470/0475/dataservice@chinabond.com.cn

Instructions

1.Bond Valuation: 86-10-010-88174538/4537/0640 Quality Control: 86-21-60813561,86-21-60813562,86-10-88174536,86-10-88174551,86-10-881747122.For more details please visit ChinaBond Dr.Quant, ChinaBond datagate and authorized data vendors. 3.Internet Explorer 11 or Google Chrome is recommended.