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
2025-10-31	03三峡债	038006	China Inter-Bank Market	7.7507	120.1909	1.2117	118.9792	2.1716	AAA
2025-10-31	16东方财信PPN001	031664011	China Inter-Bank Market	0.2438	104.3643	3.7052	100.6591	2.1052	AA(2)
2025-10-31	01国开21	010221	China Inter-Bank Market	6.2000	117.0573	1.3634	115.6939	1.8298
2025-10-31	06冀建投债	068012	Shanghai Stock Exchange	0.4055	103.4861	2.4851	101.0010	1.6316	AAA
2025-10-31	24胶州城投CP001	042400083	China Inter-Bank Market	0.0027	102.3954	2.4034	99.9920	1.7333	AA(2)
2025-10-31	17招路02	112563	Shenzhen Stock Exchange	1.7671	106.6849	1.1597	105.5252	1.7720	AAA-
2025-10-31	24工商银行CD152	112402152	China Inter-Bank Market	0.0959	99.8644	1.5113	98.3531	1.4159	AAA
2025-10-31	02国债05	020005	China Inter-Bank Market	6.5616	109.2569	1.2609	107.9960	1.6115
2025-10-31	13青国投MTN001	101354012	China Inter-Bank Market	2.7863	110.8025	1.3634	109.4391	2.8053	AA-
2025-10-31	23浙江01	101900	Shenzhen Stock Exchange	4.2877	107.3402	2.1156	105.2246	1.6951	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
2025-10-31	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.7507	120.1909	1.2117	118.9792	2.1716	6.54	53.27	0.0786	recommend	120.2042	1.2250	100.0000	AAA	CND0000004T5
2025-10-31	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.2438	104.3643	3.7052	100.6591	2.1052	0.24	0.12	0.0025	recommend	104.3777	3.7186	100.0000	AA(2)	CND100018KS0
2025-10-31	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.2000	117.0573	1.3634	115.6939	1.8298	5.42	34.57	0.0635	recommend	117.0696	1.3757	100.0000		CND0000002K8
2025-10-31	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.4055	103.4861	2.4851	101.0010	1.6316	0.41	0.33	0.0042	recommend	103.4976	2.4965	100.0000	AAA	CND000000KN0
2025-10-31	24胶州城投CP001	042400083	Short-term commercial paper (CP)	China Inter-Bank Market	0.0027	102.3954	2.4034	99.9920	1.7333	0.01	0.00	0.0001	recommend	102.4020	2.4100	100.0000	AA(2)	CND10008L3N2
2025-10-31	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.7671	106.6849	1.1597	105.5252	1.7720	1.69	4.56	0.0180	recommend	106.6985	1.1734	100.0000	AAA-
2025-10-31	24工商银行CD152	112402152	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0959	99.8644	1.5113	98.3531	1.4159	0.10	0.02	0.0010	recommend	99.8690	1.5159	100.0000	AAA	CND10008TFF0
2025-10-31	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.5616	109.2569	1.2609	107.9960	1.6115	5.93	40.42	0.0648	recommend	109.2648	1.2688	100.0000		CND0000002T9
2025-10-31	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.7863	110.8025	1.3634	109.4391	2.8053	2.55	9.21	0.0282	recommend	110.8200	1.3809	100.0000	AA-	CND100011881
2025-10-31	23浙江01	101900	Local government bond	Shenzhen Stock Exchange	4.2877	107.3402	2.1156	105.2246	1.6951	3.95	20.20	0.0424	recommend	107.3483	2.1238	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
2025-10-31	10914000146	3.9616	113.5402	0.5250	113.0152	2.8560	Recommend
2025-10-31	10914000188	0.7123	37.6755	3.4302	34.2453	3.0896	Recommend
2025-10-31	10914000199		102.7652	1.5443	101.2209	2.7746	Recommend
2025-10-31	10914010188	0.7178	37.6945	3.4431	34.2514	3.0896	Recommend
2025-10-31	10914020188	0.7178	37.6945	3.4431	34.2514	3.0896	Recommend
2025-10-31	10914030188	0.7178	37.6945	3.4431	34.2514	3.0896	Recommend
2025-10-31	10914040188	0.7178	37.6945	3.4431	34.2514	3.0896	Recommend
2025-10-31	10914050188	0.7178	37.6945	3.4431	34.2514	3.0896	Recommend
2025-10-31	10914060188	0.7178	37.6945	3.4431	34.2514	3.0896	Recommend
2025-10-31	10915000009	0.1507	100.8756	0.5168	100.3587	2.9833	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
2025-10-31	10914000146	3.9616	113.5402	0.5250	113.0152	2.8560	113.5577	0.5425	Recommend
2025-10-31	10914000188	0.7123	37.6755	3.4302	34.2453	3.0896	37.6819	3.4367	Recommend
2025-10-31	10914000199		102.7652	1.5443	101.2209	2.7746	102.7780	1.5571	Recommend
2025-10-31	10914010188	0.7178	37.6945	3.4431	34.2514	3.0896	37.7009	3.4495	Recommend
2025-10-31	10914020188	0.7178	37.6945	3.4431	34.2514	3.0896	37.7009	3.4495	Recommend
2025-10-31	10914030188	0.7178	37.6945	3.4431	34.2514	3.0896	37.7009	3.4495	Recommend
2025-10-31	10914040188	0.7178	37.6945	3.4431	34.2514	3.0896	37.7009	3.4495	Recommend
2025-10-31	10914050188	0.7178	37.6945	3.4431	34.2514	3.0896	37.7009	3.4495	Recommend
2025-10-31	10914060188	0.7178	37.6945	3.4431	34.2514	3.0896	37.7009	3.4495	Recommend
2025-10-31	10915000009	0.1507	100.8756	0.5168	100.3587	2.9833	100.8903	0.5316	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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