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
2025-07-14	03三峡债	038006	China Inter-Bank Market	8.0493	125.7088	4.6203	121.0885	1.9975	AAA
2025-07-14	01国开21	010221	Commercial Bank Counter Market	6.4986	117.0253	0.0246	117.0007	1.7402
2025-07-14	16东方财信PPN001	031664011	China Inter-Bank Market	0.5425	103.7222	2.2419	101.4802	2.0934	AA(2)
2025-07-14	06冀建投债	068012	Commercial Bank Counter Market	0.7041	102.9960	1.2368	101.7592	1.6200	AAA
2025-07-14	24冀中能源CP001(科创票据)	042400073	China Inter-Bank Market	0.1260	102.1431	2.0713	100.0718	1.7627	AA
2025-07-14	17招路02	112563	Shenzhen Stock Exchange	2.0658	111.2240	4.6525	106.5714	1.7138	AAA-
2025-07-14	02国债05	020005	Commercial Bank Counter Market	6.8603	108.1785	0.4019	107.7766	1.6945
2025-07-14	13青国投MTN001	101354012	China Inter-Bank Market	3.0849	114.6952	5.8381	108.8570	3.3098	AA-
2025-07-14	24工商银行CD069	112402069	China Inter-Bank Market	0.0027	99.9960	1.9170	98.0790	1.4563	AAA
2025-07-14	23浙江01	101900	China Inter-Bank Market	4.5863	107.1286	1.2287	105.8999	1.6234	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
2025-07-14	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	8.0493	125.7088	4.6203	121.0885	1.9975	6.59	55.51	0.0828	recommend	125.7221	4.6336	100.0000	AAA	CND0000004T5
2025-07-14	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	6.4986	117.0253	0.0246	117.0007	1.7402	5.72	38.04	0.0670	recommend	117.0376	0.0368	100.0000		CND0000002K8
2025-07-14	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.5425	103.7222	2.2419	101.4802	2.0934	0.54	0.58	0.0056	recommend	103.7356	2.2553	100.0000	AA(2)	CND100018KS0
2025-07-14	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.7041	102.9960	1.2368	101.7592	1.6200	0.70	0.98	0.0072	recommend	103.0075	1.2483	100.0000	AAA	CND000000KN0
2025-07-14	24冀中能源CP001(科创票据)	042400073	Short-term commercial paper (CP)	China Inter-Bank Market	0.1260	102.1431	2.0713	100.0718	1.7627	0.13	0.03	0.0013	recommend	102.1496	2.0778	100.0000	AA	CND10008CMD7
2025-07-14	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.0658	111.2240	4.6525	106.5714	1.7138	1.90	5.68	0.0211	recommend	111.2376	4.6662	100.0000	AAA-
2025-07-14	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.8603	108.1785	0.4019	107.7766	1.6945	6.22	44.08	0.0673	recommend	108.1864	0.4098	100.0000		CND0000002T9
2025-07-14	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.0849	114.6952	5.8381	108.8570	3.3098	2.67	10.34	0.0306	recommend	114.7126	5.8556	100.0000	AA-	CND100011881
2025-07-14	24工商银行CD069	112402069	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9960	1.9170	98.0790	1.4563	0.00	0.00	0.0000	recommend	100.0013	1.9223	100.0000	AAA	CND1000860F7
2025-07-14	23浙江01	101900	Local government bond	China Inter-Bank Market	4.5863	107.1286	1.2287	105.8999	1.6234	4.25	22.94	0.0455	recommend	107.1367	1.2368	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
2025-07-14	10914000146	4.2603	113.9170	0.2275	113.6895	2.9128	Recommend
2025-07-14	10914000188	1.0110	70.6731	2.7029	67.9702	3.0192	Recommend
2025-07-14	10914000199		136.1811	0.2200	135.9611	2.7282	Recommend
2025-07-14	10914010188	1.0110	70.7090	2.7029	68.0061	3.0192	Recommend
2025-07-14	10914020188	1.0685	70.8566	2.7029	68.1537	3.0181	Recommend
2025-07-14	10914030188	1.0795	70.8846	2.7029	68.1816	3.0181	Recommend
2025-07-14	10914040188	1.4247	71.7342	2.7029	69.0313	3.0369	Recommend
2025-07-14	10914050188	1.4630	71.8313	2.7029	69.1284	3.0407	Recommend
2025-07-14	10914060188	2.6871	110.3255	4.0542	106.2713	3.1093	Recommend
2025-07-14	10915000007	0.2493	101.1416	0.3833	100.7583	3.0099	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
2025-07-14	10914000146	4.2603	113.9170	0.2275	113.6895	2.9128	113.9345	0.2450	Recommend
2025-07-14	10914000188	1.0110	70.6731	2.7029	67.9702	3.0192	70.6859	2.7158	Recommend
2025-07-14	10914000199		136.1811	0.2200	135.9611	2.7282	136.2011	0.2400	Recommend
2025-07-14	10914010188	1.0110	70.7090	2.7029	68.0061	3.0192	70.7218	2.7158	Recommend
2025-07-14	10914020188	1.0685	70.8566	2.7029	68.1537	3.0181	70.8694	2.7158	Recommend
2025-07-14	10914030188	1.0795	70.8846	2.7029	68.1816	3.0181	70.8974	2.7158	Recommend
2025-07-14	10914040188	1.4247	71.7342	2.7029	69.0313	3.0369	71.7471	2.7158	Recommend
2025-07-14	10914050188	1.4630	71.8313	2.7029	69.1284	3.0407	71.8442	2.7158	Recommend
2025-07-14	10914060188	2.6871	110.3255	4.0542	106.2713	3.1093	110.3448	4.0735	Recommend
2025-07-14	10915000007	0.2493	101.1416	0.3833	100.7583	3.0099	101.1583	0.4000	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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