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
2026-01-30	03三峡债	038006	China Inter-Bank Market	7.5014	120.6459	2.4233	118.2225	2.1967	AAA
2026-01-30	01国开21	010221	Commercial Bank Counter Market	5.9507	115.3351	0.2248	115.1104	1.8282
2026-01-30	25大足工业CP001	042500091	China Inter-Bank Market	0.0575	102.4192	2.4033	100.0159	1.8646	AA-
2026-01-30	06冀建投债	068012	Shanghai Stock Exchange	0.1562	103.9080	3.5272	100.3807	1.6196	AAA
2026-01-30	17招路02	112563	Shenzhen Stock Exchange	1.5178	107.1737	2.4013	104.7724	1.7587	AAA-
2026-01-30	02国债05	020005	Commercial Bank Counter Market	6.3123	108.1139	0.5367	107.5772	1.6321
2026-01-30	25工商银行CD023	112502023	China Inter-Bank Market	0.0219	99.9597	1.6247	98.3350	1.4710	AAA
2026-01-30	13青国投MTN001	101354012	China Inter-Bank Market	2.5370	111.6054	2.9540	108.6514	2.7914	AA-
2026-01-30	23浙江01	101900	Commercial Bank Counter Market	4.0384	108.1568	2.8561	105.3007	1.6037	AAA+
2026-01-30	16沂南城建PPN001	031695001	China Inter-Bank Market	0.8959	25.4810	0.0976	25.3834	1.9997	AA

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
2026-01-30	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.5014	120.6459	2.4233	118.2225	2.1967	6.29	49.86	0.0759	recommend	120.6592	2.4367	100.0000	AAA	CND0000004T5
2026-01-30	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	5.9507	115.3351	0.2248	115.1104	1.8282	5.28	32.47	0.0609	recommend	115.3476	0.2372	100.0000		CND0000002K8
2026-01-30	25大足工业CP001	042500091	Short-term commercial paper (CP)	China Inter-Bank Market	0.0575	102.4192	2.4033	100.0159	1.8646	0.07	0.01	0.0007	recommend	102.4262	2.4103	100.0000	AA-	CND10008Z290
2026-01-30	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.1562	103.9080	3.5272	100.3807	1.6196	0.16	0.05	0.0017	recommend	103.9194	3.5387	100.0000	AAA	CND000000KN0
2026-01-30	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.5178	107.1737	2.4013	104.7724	1.7587	1.45	3.56	0.0155	recommend	107.1873	2.4150	100.0000	AAA-
2026-01-30	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.3123	108.1139	0.5367	107.5772	1.6321	5.76	37.90	0.0623	recommend	108.1219	0.5448	100.0000		CND0000002T9
2026-01-30	25工商银行CD023	112502023	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0219	99.9597	1.6247	98.3350	1.4710	0.03	0.00	0.0003	recommend	99.9643	1.6292	98.3389	AAA	CND10008YD30
2026-01-30	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.5370	111.6054	2.9540	108.6514	2.7914	2.31	7.80	0.0257	recommend	111.6229	2.9715	100.0000	AA-	CND100011881
2026-01-30	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.0384	108.1568	2.8561	105.3007	1.6037	3.71	18.12	0.0401	recommend	108.1650	2.8642	100.0000	AAA+	CND100063JB4
2026-01-30	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.8959	25.4810	0.0976	25.3834	1.9997	0.88	1.55	0.0022	recommend	25.4836	0.1002	25.0000	AA	CND100013TG7

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
2026-01-30	10914000146	3.7123	113.4823	0.5075	112.9748	2.6636	Recommend
2026-01-30	10914000188	0.4630	34.2779	0.2896	33.9883	2.7389	Recommend
2026-01-30	10914000199		104.5352	2.7153	101.8199	2.6232	Recommend
2026-01-30	10914010188	0.4685	34.2906	0.2961	33.9945	2.7389	Recommend
2026-01-30	10914020188	0.4685	34.2906	0.2961	33.9945	2.7389	Recommend
2026-01-30	10914030188	0.4685	34.2906	0.2961	33.9945	2.7389	Recommend
2026-01-30	10914040188	0.4685	34.2906	0.2961	33.9945	2.7389	Recommend
2026-01-30	10914050188	0.4685	34.2906	0.2961	33.9945	2.7389	Recommend
2026-01-30	10914060188	0.4685	34.2906	0.2961	33.9945	2.7389	Recommend
2026-01-30	10915000010	4.9014	113.2385	0.5255	112.7130	2.7292	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
2026-01-30	10914000146	3.7123	113.4823	0.5075	112.9748	2.6636	113.4998	0.5250	Recommend
2026-01-30	10914000188	0.4630	34.2779	0.2896	33.9883	2.7389	34.2843	0.2961	Recommend
2026-01-30	10914000199		104.5352	2.7153	101.8199	2.6232	104.5480	2.7282	Recommend
2026-01-30	10914010188	0.4685	34.2906	0.2961	33.9945	2.7389	34.2970	0.3025	Recommend
2026-01-30	10914020188	0.4685	34.2906	0.2961	33.9945	2.7389	34.2970	0.3025	Recommend
2026-01-30	10914030188	0.4685	34.2906	0.2961	33.9945	2.7389	34.2970	0.3025	Recommend
2026-01-30	10914040188	0.4685	34.2906	0.2961	33.9945	2.7389	34.2970	0.3025	Recommend
2026-01-30	10914050188	0.4685	34.2906	0.2961	33.9945	2.7389	34.2970	0.3025	Recommend
2026-01-30	10914060188	0.4685	34.2906	0.2961	33.9945	2.7389	34.2970	0.3025	Recommend
2026-01-30	10915000010	4.9014	113.2385	0.5255	112.7130	2.7292	113.2535	0.5405	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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