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
2025-09-18	03三峡债	038006	Shanghai Stock Exchange	7.8685	119.2795	0.6391	118.6404	2.2480	AAA
2025-09-18	16东方财信PPN001	031664011	China Inter-Bank Market	0.3616	104.0930	3.1279	100.9651	2.1437	AA(2)
2025-09-18	01国开21	010221	China Inter-Bank Market	6.3178	116.4806	0.8352	115.6453	1.8805
2025-09-18	06冀建投债	068012	Commercial Bank Counter Market	0.5233	103.2670	1.9927	101.2744	1.6720	AAA
2025-09-18	17招路02	112563	Shenzhen Stock Exchange	1.8849	106.2651	0.5730	105.6921	1.8757	AAA-
2025-09-18	02国债05	020005	Commercial Bank Counter Market	6.6795	108.5354	0.9220	107.6134	1.6900
2025-09-18	13青国投MTN001	101354012	China Inter-Bank Market	2.9041	110.0751	0.6118	109.4634	2.9304	AA-
2025-09-18	24工商银行CD123	112402123	China Inter-Bank Market	0.0137	99.9795	1.8676	98.1120	1.4950	AAA
2025-09-18	24辽成大CP003	042400079	China Inter-Bank Market	0.0247	102.8377	2.8285	100.0092	2.2100	AA
2025-09-18	23浙江01	101900	China Inter-Bank Market	4.4055	106.9506	1.7657	105.1848	1.7359	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
2025-09-18	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.8685	119.2795	0.6391	118.6404	2.2480	6.65	54.79	0.0793	recommend	119.2928	0.6524	100.0000	AAA	CND0000004T5
2025-09-18	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.3616	104.0930	3.1279	100.9651	2.1437	0.36	0.26	0.0037	recommend	104.1064	3.1414	100.0000	AA(2)	CND100018KS0
2025-09-18	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3178	116.4806	0.8352	115.6453	1.8805	5.54	35.87	0.0645	recommend	116.4928	0.8475	100.0000		CND0000002K8
2025-09-18	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.5233	103.2670	1.9927	101.2744	1.6720	0.52	0.55	0.0054	recommend	103.2785	2.0041	100.0000	AAA	CND000000KN0
2025-09-18	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.8849	106.2651	0.5730	105.6921	1.8757	1.80	5.07	0.0192	recommend	106.2788	0.5867	100.0000	AAA-
2025-09-18	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.6795	108.5354	0.9220	107.6134	1.6900	6.04	41.82	0.0656	recommend	108.5433	0.9299	100.0000		CND0000002T9
2025-09-18	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9041	110.0751	0.6118	109.4634	2.9304	2.66	9.89	0.0293	recommend	110.0926	0.6293	100.0000	AA-	CND100011881
2025-09-18	24工商银行CD123	112402123	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0137	99.9795	1.8676	98.1120	1.4950	0.01	0.00	0.0001	recommend	99.9847	1.8727	100.0000	AAA	CND10008K7F0
2025-09-18	24辽成大CP003	042400079	Short-term commercial paper (CP)	China Inter-Bank Market	0.0247	102.8377	2.8285	100.0092	2.2100	0.03	0.00	0.0003	recommend	102.8457	2.8364	100.0000	AA	CND10008GV14
2025-09-18	23浙江01	101900	Local government bond	China Inter-Bank Market	4.4055	106.9506	1.7657	105.1848	1.7359	4.06	21.23	0.0435	recommend	106.9587	1.7739	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
2025-09-18	10914000146	4.0795	114.1806	1.3825	112.7981	2.9954	Recommend
2025-09-18	10914000188	0.8301	37.5708	3.1535	34.4173	2.9782	Recommend
2025-09-18	10914000199		101.2328	0.9909	100.2419	2.9405	Recommend
2025-09-18	10914010188	0.8356	37.5897	3.1663	34.4234	2.9782	Recommend
2025-09-18	10914020188	0.8356	37.5897	3.1663	34.4234	2.9782	Recommend
2025-09-18	10914030188	0.8356	37.5897	3.1663	34.4234	2.9782	Recommend
2025-09-18	10914040188	0.8356	37.5897	3.1663	34.4234	2.9782	Recommend
2025-09-18	10914050188	0.8356	37.5897	3.1663	34.4234	2.9782	Recommend
2025-09-18	10914060188	0.8356	37.5897	3.1663	34.4234	2.9782	Recommend
2025-09-18	10915000007	0.0685	101.6977	1.4833	100.2144	2.9400	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
2025-09-18	10914000146	4.0795	114.1806	1.3825	112.7981	2.9954	114.1981	1.4000	Recommend
2025-09-18	10914000188	0.8301	37.5708	3.1535	34.4173	2.9782	37.5772	3.1599	Recommend
2025-09-18	10914000199		101.2328	0.9909	100.2419	2.9405	101.2456	1.0038	Recommend
2025-09-18	10914010188	0.8356	37.5897	3.1663	34.4234	2.9782	37.5962	3.1728	Recommend
2025-09-18	10914020188	0.8356	37.5897	3.1663	34.4234	2.9782	37.5962	3.1728	Recommend
2025-09-18	10914030188	0.8356	37.5897	3.1663	34.4234	2.9782	37.5962	3.1728	Recommend
2025-09-18	10914040188	0.8356	37.5897	3.1663	34.4234	2.9782	37.5962	3.1728	Recommend
2025-09-18	10914050188	0.8356	37.5897	3.1663	34.4234	2.9782	37.5962	3.1728	Recommend
2025-09-18	10914060188	0.8356	37.5897	3.1663	34.4234	2.9782	37.5962	3.1728	Recommend
2025-09-18	10915000007	0.0685	101.6977	1.4833	100.2144	2.9400	101.7144	1.5000	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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