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
2025-09-17	03三峡债	038006	Shanghai Stock Exchange	7.8712	119.3196	0.6258	118.6938	2.2420	AAA
2025-09-17	16东方财信PPN001	031664011	China Inter-Bank Market	0.3644	104.0878	3.1145	100.9733	2.1415	AA(2)
2025-09-17	01国开21	010221	China Inter-Bank Market	6.3205	116.5727	0.8229	115.7498	1.8653
2025-09-17	06冀建投债	068012	Commercial Bank Counter Market	0.5260	103.2669	1.9812	101.2857	1.6637	AAA
2025-09-17	17招路02	112563	Shenzhen Stock Exchange	1.8877	106.2738	0.5594	105.7144	1.8684	AAA-
2025-09-17	02国债05	020005	China Inter-Bank Market	6.6822	108.5955	0.9141	107.6814	1.6801
2025-09-17	24大足永晟CP005	042400078	China Inter-Bank Market	0.0027	102.4947	2.4932	100.0016	1.8823	AA-
2025-09-17	13青国投MTN001	101354012	China Inter-Bank Market	2.9068	110.0726	0.5943	109.4783	2.9283	AA-
2025-09-17	24工商银行CD121	112402121	China Inter-Bank Market	0.0027	99.9959	1.8883	98.1076	1.5066	AAA
2025-09-17	23浙江01	101900	Shanghai Stock Exchange	4.4082	106.9335	1.7576	105.1759	1.7386	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
2025-09-17	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.8712	119.3196	0.6258	118.6938	2.2420	6.65	54.84	0.0794	recommend	119.3330	0.6391	100.0000	AAA	CND0000004T5
2025-09-17	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.3644	104.0878	3.1145	100.9733	2.1415	0.36	0.26	0.0038	recommend	104.1012	3.1279	100.0000	AA(2)	CND100018KS0
2025-09-17	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3205	116.5727	0.8229	115.7498	1.8653	5.54	35.91	0.0646	recommend	116.5850	0.8352	100.0000		CND0000002K8
2025-09-17	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.5260	103.2669	1.9812	101.2857	1.6637	0.53	0.56	0.0054	recommend	103.2783	1.9927	100.0000	AAA	CND000000KN0
2025-09-17	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.8877	106.2738	0.5594	105.7144	1.8684	1.81	5.09	0.0192	recommend	106.2874	0.5730	100.0000	AAA-
2025-09-17	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.6822	108.5955	0.9141	107.6814	1.6801	6.05	41.86	0.0657	recommend	108.6034	0.9220	100.0000		CND0000002T9
2025-09-17	24大足永晟CP005	042400078	Short-term commercial paper (CP)	China Inter-Bank Market	0.0027	102.4947	2.4932	100.0016	1.8823	0.00	0.00	0.0000	recommend	102.5016	2.5000	100.0000	AA-	CND10008F821
2025-09-17	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9068	110.0726	0.5943	109.4783	2.9283	2.66	9.91	0.0293	recommend	110.0901	0.6118	100.0000	AA-	CND100011881
2025-09-17	24工商银行CD121	112402121	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9959	1.8883	98.1076	1.5066	0.00	0.00	0.0000	recommend	100.0011	1.8935	100.0000	AAA	CND10008FVH2
2025-09-17	23浙江01	101900	Local government bond	Shanghai Stock Exchange	4.4082	106.9335	1.7576	105.1759	1.7386	4.07	21.25	0.0435	recommend	106.9416	1.7657	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
2025-09-17	10914000146	4.0822	114.1505	1.3650	112.7855	3.0004	Recommend
2025-09-17	10914000188	0.8329	37.5678	3.1470	34.4208	2.9779	Recommend
2025-09-17	10914000199		101.2854	0.9780	100.3074	2.9321	Recommend
2025-09-17	10914010188	0.8384	37.5868	3.1599	34.4269	2.9779	Recommend
2025-09-17	10914020188	0.8384	37.5868	3.1599	34.4269	2.9779	Recommend
2025-09-17	10914030188	0.8384	37.5868	3.1599	34.4269	2.9779	Recommend
2025-09-17	10914040188	0.8384	37.5868	3.1599	34.4269	2.9779	Recommend
2025-09-17	10914050188	0.8384	37.5868	3.1599	34.4269	2.9779	Recommend
2025-09-17	10914060188	0.8384	37.5868	3.1599	34.4269	2.9779	Recommend
2025-09-17	10915000007	0.0712	101.6894	1.4667	100.2228	2.9418	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
2025-09-17	10914000146	4.0822	114.1505	1.3650	112.7855	3.0004	114.1680	1.3825	Recommend
2025-09-17	10914000188	0.8329	37.5678	3.1470	34.4208	2.9779	37.5743	3.1535	Recommend
2025-09-17	10914000199		101.2854	0.9780	100.3074	2.9321	101.2983	0.9909	Recommend
2025-09-17	10914010188	0.8384	37.5868	3.1599	34.4269	2.9779	37.5932	3.1663	Recommend
2025-09-17	10914020188	0.8384	37.5868	3.1599	34.4269	2.9779	37.5932	3.1663	Recommend
2025-09-17	10914030188	0.8384	37.5868	3.1599	34.4269	2.9779	37.5932	3.1663	Recommend
2025-09-17	10914040188	0.8384	37.5868	3.1599	34.4269	2.9779	37.5932	3.1663	Recommend
2025-09-17	10914050188	0.8384	37.5868	3.1599	34.4269	2.9779	37.5932	3.1663	Recommend
2025-09-17	10914060188	0.8384	37.5868	3.1599	34.4269	2.9779	37.5932	3.1663	Recommend
2025-09-17	10915000007	0.0712	101.6894	1.4667	100.2228	2.9418	101.7061	1.4833	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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