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
2021-05-18	21龙城发展PPN001	032100018	China Inter-Bank Market	4.6411	102.5626	1.5720	100.9906	4.6600	AA
2021-05-18	20昌源水务CP002	042000281	China Inter-Bank Market	0.0822	105.2093	5.2315	99.9778	5.6746	AA-
2021-05-18	07大唐债	078061	Commercial Bank Counter Market	6.4027	112.4578	3.3028	109.1549	3.8831	AAA
2021-05-18	18淮南矿MTN004	101801107	China Inter-Bank Market	0.3562	103.8628	3.1870	100.6758	2.9166	AA
2021-05-18	21华夏银行CD061	112118061	China Inter-Bank Market	0.8493	97.5789	0.4446	97.1343	2.8814	AAA-
2021-05-18	15进出10	150310	Commercial Bank Counter Market	0.9890	101.3726	0.0435	101.3291	2.5764
2021-05-18	19江苏09	157662	Shanghai Stock Exchange	7.9151	101.2287	0.3015	100.9272	3.4250	AAA
2021-05-18	16附息国债23	160023	Shenzhen Stock Exchange	5.4630	98.7032	0.1101	98.5932	2.9789
2021-05-18	21眉控01	178329	Shanghai Stock Exchange	4.9260	100.8983	0.4808	100.4175	7.2221	AA(2)
2021-05-18	18荣成专项债	1880075	Shanghai Stock Exchange	3.9342	83.7391	0.3025	83.4366	3.8471	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)	Absolute Liquidity Index	Position Percentile	Relative Liquidity Index	Relative Liquidity Reference Value	ChinaBond Market Implied Rating	ISIN
2021-05-18	21龙城发展PPN001	032100018	PPNs	China Inter-Bank Market	4.6411	102.5626	1.5720	100.9906	4.6600	2.42	8.37	0.0248	recommend	102.5746	1.5840	100.0000	0.00	16.10	0.00	0.10	AA	CND100042TW3
2021-05-18	20昌源水务CP002	042000281	Commercial Papers	China Inter-Bank Market	0.0822	105.2093	5.2315	99.9778	5.6746	0.08	0.01	0.0009	recommend	105.2249	5.2471	100.0000	0.00	16.10	0.00	0.10	AA-	CND10003CLP4
2021-05-18	07大唐债	078061	Central Government Owned Enterprise Bonds	Commercial Bank Counter Market	6.4027	112.4578	3.3028	109.1549	3.8831	5.24	35.60	0.0590	recommend	112.4729	3.3180	100.0000	1.00		1.00	1.00	AAA	CND100000DG8
2021-05-18	18淮南矿MTN004	101801107	Medium-Term Notes	China Inter-Bank Market	0.3562	103.8628	3.1870	100.6758	2.9166	0.36	0.25	0.0037	recommend	103.8763	3.2005	100.0000	0.00	16.10	0.00	0.10	AA	CND10001Q1J6
2021-05-18	21华夏银行CD061	112118061	Negotiable Certificates of Deposit	China Inter-Bank Market	0.8493	97.5789	0.4446	97.1343	2.8814	0.84	1.41	0.0082	recommend	97.5870	0.4526	97.0497	0.00	10.78	0.00	0.50	AAA-
2021-05-18	15进出10	150310	Policy Bank Bonds	Commercial Bank Counter Market	0.9890	101.3726	0.0435	101.3291	2.5764	0.97	1.88	0.0098	recommend	101.3835	0.0544	100.0000	1.00		1.00	1.00		CND100008937
2021-05-18	19江苏09	157662	Local Government Bonds	Shanghai Stock Exchange	7.9151	101.2287	0.3015	100.9272	3.4250	6.84	54.10	0.0692	recommend	101.2384	0.3113	100.0000	0.00	4.32	0.00	0.10	AAA	CND1000275W3
2021-05-18	16附息国债23	160023	Book-Entry Treasury Bonds	Shenzhen Stock Exchange	5.4630	98.7032	0.1101	98.5932	2.9789	5.03	28.91	0.0497	recommend	98.7106	0.1174	100.0000	0.05	4.01	0.05	0.10		CND10000C5Z0
2021-05-18	21眉控01	178329	Corporate Bonds	Shanghai Stock Exchange	4.9260	100.8983	0.4808	100.4175	7.2221	2.58	9.34	0.0261	recommend	100.9161	0.4986	100.0000	0.00	4.32	0.00	0.10	AA(2)
2021-05-18	18荣成专项债	1880075	Local Government Owned Enterprise Bonds	Shanghai Stock Exchange	3.9342	83.7391	0.3025	83.4366	3.8471	2.24	8.32	0.0187	recommend	83.7517	0.3151	80.0000	0.00	4.32	0.00	0.10	AA	CND100010F03

Chinabond CCRE Credit Assets Valuation

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Date	Code	Short Name	Maturity(Yrs)	Full Price(Yuan)	Net Price(Yuan)	Accrued Interest(Yuan)	Yield to Maturity(%)	Residue Principal(Yuan)	Recommendation	Remarks
2021-05-18	02100006	2021年湘信泰隆-小微18号优先B	0.3589	100.2459	100.0169	0.2290	3.8080	100.0000	Recommend	Based on the data of underlying assets
2021-05-18	02100006	2021年湘信泰隆-小微18号优先B	3.8877	100.2459	100.0169	0.2290	3.8080	100.0000		Based on the data of underlying assets
2021-05-18	02000302	2020年中原财富-小微15号优先B	0.1616	100.6638	100.0859	0.5779	3.4859	100.0000	Recommend	Based on the data of underlying assets
2021-05-18	02000302	2020年中原财富-小微15号优先B	2.3589	100.6638	100.0859	0.5779	3.4859	100.0000		Based on the data of underlying assets
2021-05-18	02000377	2020年紫金信托-鑫众10号优先A3	1.4164	100.7462	100.7325	0.0137	4.1385	100.0000	Recommend	Based on the data of underlying assets
2021-05-18	02000377	2020年紫金信托-鑫众10号优先A3	5.2384	100.7470	100.7333	0.0137	4.1416	100.0000		Based on the data of underlying assets
2021-05-18	01800651	18南京银行鑫众2号优先A3	0.3836	0.0201	0.0200	0.0000	2.9927	0.0200	Recommend	Based on the data of underlying assets
2021-05-18	01800651	18南京银行鑫众2号优先A3	3.4712	0.0201	0.0200	0.0000	2.9927	0.0200		Based on the data of underlying assets
2021-05-18	01900118	19南京银行鑫众5号优先A3	0.7315	6.7699	6.7607	0.0093	3.3820	6.7200	Recommend	Based on the data of underlying assets
2021-05-18	01900118	19南京银行鑫众5号优先A3	3.8000	6.7699	6.7607	0.0093	3.3820	6.7200		Based on the data of underlying assets

Date	Code	Short Name	Originator	Coupon Rate(%)	Asset Credit Rating	Maturity(Yrs)	Maturity Type	Full Price(Yuan)	Net Price(Yuan)	Accrued Interest(Yuan)	Yield to Maturity(%)	Residue Principal(Yuan)	Recommendation	Remarks
2021-05-18	02100006	2021年湘信泰隆-小微18号优先B	浙江泰隆商业银行股份有限公司	3.8000	AA+	0.3589	Based on Expected Maturity Date	100.2459	100.0169	0.2290	3.8080	100.0000	Recommend	Based on the data of underlying assets
2021-05-18	02100006	2021年湘信泰隆-小微18号优先B	浙江泰隆商业银行股份有限公司	3.8000	AA+	3.8877	Based on Final Maturity Date	100.2459	100.0169	0.2290	3.8080	100.0000		Based on the data of underlying assets
2021-05-18	02000302	2020年中原财富-小微15号优先B	浙江泰隆商业银行股份有限公司	3.9800	AA+	0.1616	Based on Expected Maturity Date	100.6638	100.0859	0.5779	3.4859	100.0000	Recommend	Based on the data of underlying assets
2021-05-18	02000302	2020年中原财富-小微15号优先B	浙江泰隆商业银行股份有限公司	3.9800	AA+	2.3589	Based on Final Maturity Date	100.6638	100.0859	0.5779	3.4859	100.0000		Based on the data of underlying assets
2021-05-18	02000377	2020年紫金信托-鑫众10号优先A3	南京银行股份有限公司	5.0000	AAA	1.4164	Based on Expected Maturity Date	100.7462	100.7325	0.0137	4.1385	100.0000	Recommend	Based on the data of underlying assets
2021-05-18	02000377	2020年紫金信托-鑫众10号优先A3	南京银行股份有限公司	5.0000	AAA	5.2384	Based on Final Maturity Date	100.7470	100.7333	0.0137	4.1416	100.0000		Based on the data of underlying assets
2021-05-18	01800651	18南京银行鑫众2号优先A3	南京银行股份有限公司	6.3000	AAA	0.3836	Based on Expected Maturity Date	0.0201	0.0200	0.0000	2.9927	0.0200	Recommend	Based on the data of underlying assets
2021-05-18	01800651	18南京银行鑫众2号优先A3	南京银行股份有限公司	6.3000	AAA	3.4712	Based on Final Maturity Date	0.0201	0.0200	0.0000	2.9927	0.0200		Based on the data of underlying assets
2021-05-18	01900118	19南京银行鑫众5号优先A3	南京银行股份有限公司	5.6000	AAA	0.7315	Based on Expected Maturity Date	6.7699	6.7607	0.0093	3.3820	6.7200	Recommend	Based on the data of underlying assets
2021-05-18	01900118	19南京银行鑫众5号优先A3	南京银行股份有限公司	5.6000	AAA	3.8000	Based on Final Maturity Date	6.7699	6.7607	0.0093	3.3820	6.7200		Based on the data of underlying assets

Insurance Asset Management Products Valuation

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Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Recommendation
2021-05-18	10919000064	0.6986	102.4482	1.0329	101.4153	4.5055	Recommend
2021-05-18	10919000064	3.7041	107.1677	1.0329	106.1348	4.7644
2021-05-18	10919000092	0.8137	101.1281	1.0507	100.0774	6.5544	Recommend
2021-05-18	10919000092	3.8164	100.6498	1.0507	99.5991	6.7804
2021-05-18	10919000200	1.0685	102.9214	1.1962	101.7252	5.8459	Recommend
2021-05-18	10919000200	3.0712	106.0954	1.1962	104.8993	5.7648
2021-05-18	10919000204	3.0959	105.2202	1.0245	104.1957	5.0257	Recommend
2021-05-18	10919000204	8.0986	107.0212	1.0245	105.9968	5.4782
2021-05-18	10919000224	0.1425	51.1918	1.3151	49.8767	999.0000	Recommend
2021-05-18	10919000224	1.1425	52.0272	1.3151	50.7121	99.9469

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
2021-05-18	10919000064	0.6986	102.4482	1.0329	101.4153	4.5055	102.4660	1.0507	Recommend
2021-05-18	10919000064	3.7041	107.1677	1.0329	106.1348	4.7644	107.1855	1.0507
2021-05-18	10919000092	0.8137	101.1281	1.0507	100.0774	6.5544	101.1459	1.0685	Recommend
2021-05-18	10919000092	3.8164	100.6498	1.0507	99.5991	6.7804	100.6676	1.0685
2021-05-18	10919000200	1.0685	102.9214	1.1962	101.7252	5.8459	102.9416	1.2164	Recommend
2021-05-18	10919000200	3.0712	106.0954	1.1962	104.8993	5.7648	106.1157	1.2164
2021-05-18	10919000204	3.0959	105.2202	1.0245	104.1957	5.0257	105.2379	1.0421	Recommend
2021-05-18	10919000204	8.0986	107.0212	1.0245	105.9968	5.4782	107.0389	1.0421
2021-05-18	10919000224	0.1425	51.1918	1.3151	49.8767	999.0000	51.2124	1.3356	Recommend
2021-05-18	10919000224	1.1425	52.0272	1.3151	50.7121	99.9469	52.0477	1.3356

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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