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
2025-09-16	03三峡债	038006	China Inter-Bank Market	7.8740	119.3344	0.6125	118.7220	2.2392	AAA
2025-09-16	01国开21	010221	China Inter-Bank Market	6.3233	116.4636	0.8107	115.6530	1.8813
2025-09-16	16东方财信PPN001	031664011	China Inter-Bank Market	0.3671	104.0785	3.1011	100.9774	2.1501	AA(2)
2025-09-16	06冀建投债	068012	Commercial Bank Counter Market	0.5288	103.2628	1.9698	101.2931	1.6625	AAA
2025-09-16	17招路02	112563	Shenzhen Stock Exchange	1.8904	106.2773	0.5458	105.7315	1.8638	AAA-
2025-09-16	02国债05	020005	Commercial Bank Counter Market	6.6849	108.4651	0.9063	107.5588	1.6993
2025-09-16	24大足永晟CP005	042400078	China Inter-Bank Market	0.0055	102.4896	2.4863	100.0033	1.8535	AA-
2025-09-16	13青国投MTN001	101354012	China Inter-Bank Market	2.9096	110.0407	0.5768	109.4639	2.9362	AA-
2025-09-16	23浙江01	101900	Commercial Bank Counter Market	4.4110	106.8880	1.7495	105.1386	1.7479	AAA+
2025-09-16	24工商银行CD121	112402121	China Inter-Bank Market	0.0055	99.9920	1.8831	98.1088	1.4650	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
2025-09-16	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.8740	119.3344	0.6125	118.7220	2.2392	6.65	54.88	0.0794	recommend	119.3478	0.6258	100.0000	AAA	CND0000004T5
2025-09-16	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3233	116.4636	0.8107	115.6530	1.8813	5.54	35.93	0.0645	recommend	116.4759	0.8229	100.0000		CND0000002K8
2025-09-16	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.3671	104.0785	3.1011	100.9774	2.1501	0.36	0.27	0.0038	recommend	104.0919	3.1145	100.0000	AA(2)	CND100018KS0
2025-09-16	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.5288	103.2628	1.9698	101.2931	1.6625	0.53	0.56	0.0055	recommend	103.2743	1.9812	100.0000	AAA	CND000000KN0
2025-09-16	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.8904	106.2773	0.5458	105.7315	1.8638	1.81	5.10	0.0192	recommend	106.2909	0.5594	100.0000	AAA-
2025-09-16	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.6849	108.4651	0.9063	107.5588	1.6993	6.05	41.88	0.0656	recommend	108.4729	0.9141	100.0000		CND0000002T9
2025-09-16	24大足永晟CP005	042400078	Short-term commercial paper (CP)	China Inter-Bank Market	0.0055	102.4896	2.4863	100.0033	1.8535	0.01	0.00	0.0001	recommend	102.4964	2.4932	100.0000	AA-	CND10008F821
2025-09-16	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9096	110.0407	0.5768	109.4639	2.9362	2.66	9.92	0.0293	recommend	110.0582	0.5943	100.0000	AA-	CND100011881
2025-09-16	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.4110	106.8880	1.7495	105.1386	1.7479	4.07	21.27	0.0435	recommend	106.8962	1.7576	100.0000	AAA+	CND100063JB4
2025-09-16	24工商银行CD121	112402121	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0055	99.9920	1.8831	98.1088	1.4650	0.01	0.00	0.0001	recommend	99.9972	1.8883	100.0000	AAA	CND10008FVH2

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
2025-09-16	10914000146	4.0849	114.1229	1.3475	112.7754	3.0047	Recommend
2025-09-16	10914000188	0.8356	37.5636	3.1406	34.4230	2.9819	Recommend
2025-09-16	10914000199		101.2060	0.9652	100.2408	2.9420	Recommend
2025-09-16	10914010188	0.8411	37.5825	3.1535	34.4291	2.9819	Recommend
2025-09-16	10914020188	0.8411	37.5825	3.1535	34.4291	2.9819	Recommend
2025-09-16	10914030188	0.8411	37.5825	3.1535	34.4291	2.9819	Recommend
2025-09-16	10914040188	0.8411	37.5825	3.1535	34.4291	2.9819	Recommend
2025-09-16	10914050188	0.8411	37.5825	3.1535	34.4291	2.9819	Recommend
2025-09-16	10914060188	0.8411	37.5825	3.1535	34.4291	2.9819	Recommend
2025-09-16	10915000007	0.0740	101.6815	1.4500	100.2315	2.9390	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
2025-09-16	10914000146	4.0849	114.1229	1.3475	112.7754	3.0047	114.1404	1.3650	Recommend
2025-09-16	10914000188	0.8356	37.5636	3.1406	34.4230	2.9819	37.5700	3.1470	Recommend
2025-09-16	10914000199		101.2060	0.9652	100.2408	2.9420	101.2189	0.9780	Recommend
2025-09-16	10914010188	0.8411	37.5825	3.1535	34.4291	2.9819	37.5890	3.1599	Recommend
2025-09-16	10914020188	0.8411	37.5825	3.1535	34.4291	2.9819	37.5890	3.1599	Recommend
2025-09-16	10914030188	0.8411	37.5825	3.1535	34.4291	2.9819	37.5890	3.1599	Recommend
2025-09-16	10914040188	0.8411	37.5825	3.1535	34.4291	2.9819	37.5890	3.1599	Recommend
2025-09-16	10914050188	0.8411	37.5825	3.1535	34.4291	2.9819	37.5890	3.1599	Recommend
2025-09-16	10914060188	0.8411	37.5825	3.1535	34.4291	2.9819	37.5890	3.1599	Recommend
2025-09-16	10915000007	0.0740	101.6815	1.4500	100.2315	2.9390	101.6981	1.4667	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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