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
2026-07-29	03三峡债	038006	Shanghai Stock Exchange	7.0082	123.9717	4.8201	119.1516	1.9138	AAA
2026-07-29	01国开21	010221	Commercial Bank Counter Market	5.4575	115.4153	0.2088	115.2065	1.5973
2026-07-29	17招路02	112563	Shenzhen Stock Exchange	1.0247	108.3478	4.8572	103.4906	1.5201	AAA-
2026-07-29	02国债05	020005	Commercial Bank Counter Market	5.8192	108.7389	0.5201	108.2188	1.4235
2026-07-29	25工商银行CD234	112502234	China Inter-Bank Market	0.0219	99.9686	1.5687	98.3998	1.4345	AAA
2026-07-29	07豫投债2	078012	China Inter-Bank Market	0.8000	103.3549	0.9240	102.4309	1.5300	AAA
2026-07-29	25寿光金鑫CP001	042500105	China Inter-Bank Market	0.0192	102.3940	2.3834	100.0106	1.8339	AA-
2026-07-29	13青国投MTN001	101354012	China Inter-Bank Market	2.0438	114.0246	6.1003	107.9243	2.3613	AA-
2026-07-29	23浙江01	101900	Commercial Bank Counter Market	3.5452	106.8727	1.3507	105.5220	1.3625	AAA+
2026-07-29	16沂南城建PPN001	031695001	China Inter-Bank Market	0.4027	25.7552	0.5599	25.1953	1.7575	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
2026-07-29	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.0082	123.9717	4.8201	119.1516	1.9138	5.84	43.90	0.0724	recommend	123.9850	4.8334	100.0000	AAA	CND0000004T5
2026-07-29	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	5.4575	115.4153	0.2088	115.2065	1.5973	4.89	27.91	0.0565	recommend	115.4276	0.2211	100.0000		CND0000002K8
2026-07-29	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.0247	108.3478	4.8572	103.4906	1.5201	0.96	1.92	0.0104	recommend	108.3614	4.8708	100.0000	AAA-
2026-07-29	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	5.8192	108.7389	0.5201	108.2188	1.4235	5.35	32.78	0.0582	recommend	108.7467	0.5280	100.0000		CND0000002T9
2026-07-29	25工商银行CD234	112502234	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0219	99.9686	1.5687	98.3998	1.4345	0.02	0.00	0.0002	recommend	99.9730	1.5731	98.3961	AAA	CND10009M700
2026-07-29	07豫投债2	078012	Local enterprise bond	China Inter-Bank Market	0.8000	103.3549	0.9240	102.4309	1.5300	0.79	1.25	0.0082	recommend	103.3676	0.9367	100.0000	AAA	CND100000JJ9
2026-07-29	25寿光金鑫CP001	042500105	Short-term commercial paper (CP)	China Inter-Bank Market	0.0192	102.3940	2.3834	100.0106	1.8339	0.02	0.00	0.0002	recommend	102.4006	2.3901	100.0000	AA-	CND10009L7S1
2026-07-29	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.0438	114.0246	6.1003	107.9243	2.3613	1.83	5.39	0.0209	recommend	114.0421	6.1178	100.0000	AA-	CND100011881
2026-07-29	23浙江01	101900	Local government bond	Commercial Bank Counter Market	3.5452	106.8727	1.3507	105.5220	1.3625	3.34	14.77	0.0356	recommend	106.8808	1.3589	100.0000	AAA+	CND100063JB4
2026-07-29	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.4027	25.7552	0.5599	25.1953	1.7575	0.40	0.32	0.0010	recommend	25.7578	0.5625	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
2026-07-29	10914000146	3.2192	111.8737	0.4900	111.3837	2.6462	Recommend
2026-07-29	10914000199		102.8241	0.3346	102.4895	2.3783	Recommend
2026-07-29	10915000010	4.4082	112.1245	0.4955	111.6291	2.7013	Recommend
2026-07-29	10915000010	9.4082	126.7465	0.4955	126.2511	2.5152
2026-07-29	10915000020	3.6301	113.8612	0.5911	113.2701	2.6665	Recommend
2026-07-29	10916000014	0.2658	101.7894	1.1944	100.5950	2.8037	Recommend
2026-07-29	10916000015	0.2877	44.0782	0.4694	43.6088	2.8045	Recommend
2026-07-29	10916000016	0.4027	101.3347	0.4727	100.8619	2.7969	Recommend
2026-07-29	10916000016	5.4027	116.6696	0.4727	116.1969	2.2221
2026-07-29	10916000017	0.4027	101.3347	0.4727	100.8619	2.7969	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
2026-07-29	10914000146	3.2192	111.8737	0.4900	111.3837	2.6462	111.8912	0.5075	Recommend
2026-07-29	10914000199		102.8241	0.3346	102.4895	2.3783	102.8369	0.3475	Recommend
2026-07-29	10915000010	4.4082	112.1245	0.4955	111.6291	2.7013	112.1395	0.5105	Recommend
2026-07-29	10915000010	9.4082	126.7465	0.4955	126.2511	2.5152	126.7616	0.5105
2026-07-29	10915000020	3.6301	113.8612	0.5911	113.2701	2.6665	113.8767	0.6067	Recommend
2026-07-29	10916000014	0.2658	101.7894	1.1944	100.5950	2.8037	101.8033	1.2083	Recommend
2026-07-29	10916000015	0.2877	44.0782	0.4694	43.6088	2.8045	44.0842	0.4754	Recommend
2026-07-29	10916000016	0.4027	101.3347	0.4727	100.8619	2.7969	101.3482	0.4862	Recommend
2026-07-29	10916000016	5.4027	116.6696	0.4727	116.1969	2.2221	116.6831	0.4862
2026-07-29	10916000017	0.4027	101.3347	0.4727	100.8619	2.7969	101.3482	0.4862	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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