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
2025-09-04	03三峡债	038006	Shanghai Stock Exchange	7.9068	119.8779	0.4527	119.4252	2.1604	AAA
2025-09-04	01国开21	010221	China Inter-Bank Market	6.3562	116.6514	0.6633	115.9881	1.8415
2025-09-04	16东方财信PPN001	031664011	China Inter-Bank Market	0.4000	104.0288	2.9400	101.0888	2.0937	AA(2)
2025-09-04	06冀建投债	068012	China Inter-Bank Market	0.5616	103.2261	1.8323	101.3937	1.6295	AAA
2025-09-04	24淄博城资CP004	042400074	China Inter-Bank Market	0.0137	102.1472	2.1403	100.0069	1.6290	AA(2)
2025-09-04	17招路02	112563	Shenzhen Stock Exchange	1.9233	106.3528	0.3820	105.9708	1.7923	AAA-
2025-09-04	02国债05	020005	China Inter-Bank Market	6.7178	108.4930	0.8117	107.6813	1.6860
2025-09-04	13青国投MTN001	101354012	China Inter-Bank Market	2.9425	109.8819	0.3671	109.5148	2.9545	AA-
2025-09-04	23浙江01	101900	China Inter-Bank Market	4.4438	106.9479	1.6518	105.2961	1.7204	AAA+
2025-09-04	24工商银行CD111	112402111	China Inter-Bank Market	0.0027	99.9962	1.9267	98.0695	1.4028	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
2025-09-04	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.9068	119.8779	0.4527	119.4252	2.1604	6.69	55.46	0.0803	recommend	119.8912	0.4660	100.0000	AAA	CND0000004T5
2025-09-04	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3562	116.6514	0.6633	115.9881	1.8415	5.58	36.33	0.0650	recommend	116.6636	0.6755	100.0000		CND0000002K8
2025-09-04	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.4000	104.0288	2.9400	101.0888	2.0937	0.40	0.31	0.0041	recommend	104.0422	2.9534	100.0000	AA(2)	CND100018KS0
2025-09-04	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.5616	103.2261	1.8323	101.3937	1.6295	0.56	0.63	0.0058	recommend	103.2375	1.8438	100.0000	AAA	CND000000KN0
2025-09-04	24淄博城资CP004	042400074	Short-term commercial paper (CP)	China Inter-Bank Market	0.0137	102.1472	2.1403	100.0069	1.6290	0.01	0.00	0.0001	recommend	102.1532	2.1462	100.0000	AA(2)	CND10008D8N1
2025-09-04	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.9233	106.3528	0.3820	105.9708	1.7923	1.84	5.26	0.0196	recommend	106.3664	0.3957	100.0000	AAA-
2025-09-04	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.7178	108.4930	0.8117	107.6813	1.6860	6.08	42.30	0.0660	recommend	108.5008	0.8196	100.0000		CND0000002T9
2025-09-04	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9425	109.8819	0.3671	109.5148	2.9545	2.69	10.12	0.0296	recommend	109.8994	0.3845	100.0000	AA-	CND100011881
2025-09-04	23浙江01	101900	Local government bond	China Inter-Bank Market	4.4438	106.9479	1.6518	105.2961	1.7204	4.10	21.58	0.0439	recommend	106.9561	1.6599	100.0000	AAA+	CND100063JB4
2025-09-04	24工商银行CD111	112402111	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9962	1.9267	98.0695	1.4028	0.00	0.00	0.0000	recommend	100.0015	1.9320	100.0000	AAA	CND10008DNS1

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
2025-09-04	10914000146	4.1178	113.8539	1.1375	112.7164	3.0417	Recommend
2025-09-04	10914000188	0.8685	37.5570	3.0633	34.4937	2.8818	Recommend
2025-09-04	10914000199		101.2431	0.8107	100.4323	2.9235	Recommend
2025-09-04	10914010188	0.8740	37.5760	3.0762	34.4997	2.8818	Recommend
2025-09-04	10914020188	0.8740	37.5760	3.0762	34.4997	2.8818	Recommend
2025-09-04	10914030188	0.8740	37.5760	3.0762	34.4997	2.8818	Recommend
2025-09-04	10914040188	0.8740	37.5760	3.0762	34.4997	2.8818	Recommend
2025-09-04	10914050188	0.8740	37.5760	3.0762	34.4997	2.8818	Recommend
2025-09-04	10914060188	0.8740	37.5760	3.0762	34.4997	2.8818	Recommend
2025-09-04	10915000007	0.1068	101.5945	1.2500	100.3445	2.8338	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
2025-09-04	10914000146	4.1178	113.8539	1.1375	112.7164	3.0417	113.8714	1.1550	Recommend
2025-09-04	10914000188	0.8685	37.5570	3.0633	34.4937	2.8818	37.5635	3.0698	Recommend
2025-09-04	10914000199		101.2431	0.8107	100.4323	2.9235	101.2559	0.8236	Recommend
2025-09-04	10914010188	0.8740	37.5760	3.0762	34.4997	2.8818	37.5824	3.0827	Recommend
2025-09-04	10914020188	0.8740	37.5760	3.0762	34.4997	2.8818	37.5824	3.0827	Recommend
2025-09-04	10914030188	0.8740	37.5760	3.0762	34.4997	2.8818	37.5824	3.0827	Recommend
2025-09-04	10914040188	0.8740	37.5760	3.0762	34.4997	2.8818	37.5824	3.0827	Recommend
2025-09-04	10914050188	0.8740	37.5760	3.0762	34.4997	2.8818	37.5824	3.0827	Recommend
2025-09-04	10914060188	0.8740	37.5760	3.0762	34.4997	2.8818	37.5824	3.0827	Recommend
2025-09-04	10915000007	0.1068	101.5945	1.2500	100.3445	2.8338	101.6111	1.2667	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

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