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
2025-10-23	03三峡债	038006	Shanghai Stock Exchange	7.7726	119.3582	1.1052	118.2531	2.2705	AAA
2025-10-23	01国开21	010221	China Inter-Bank Market	6.2219	116.5198	1.2651	115.2547	1.9071
2025-10-23	16东方财信PPN001	031664011	China Inter-Bank Market	0.2658	104.3119	3.5978	100.7141	2.1214	AA(2)
2025-10-23	06冀建投债	068012	Commercial Bank Counter Market	0.4274	103.4497	2.3935	101.0563	1.6307	AAA
2025-10-23	24胶州城投CP001	042400083	China Inter-Bank Market	0.0247	102.3568	2.3506	100.0063	1.7235	AA(2)
2025-10-23	17招路02	112563	Shenzhen Stock Exchange	1.7890	106.5392	1.0506	105.4886	1.8293	AAA-
2025-10-23	02国债05	020005	China Inter-Bank Market	6.5836	108.6977	1.1978	107.4999	1.6918
2025-10-23	13青国投MTN001	101354012	China Inter-Bank Market	2.8082	110.4699	1.2236	109.2463	2.8988	AA-
2025-10-23	24工商银行CD132	112402132	China Inter-Bank Market	0.0137	99.9811	1.8865	98.0946	1.3786	AAA
2025-10-23	23浙江01	101900	Shenzhen Stock Exchange	4.3096	107.1062	2.0505	105.0557	1.7408	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
2025-10-23	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.7726	119.3582	1.1052	118.2531	2.2705	6.55	53.43	0.0782	recommend	119.3715	1.1185	100.0000	AAA	CND0000004T5
2025-10-23	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.2219	116.5198	1.2651	115.2547	1.9071	5.44	34.78	0.0634	recommend	116.5321	1.2774	100.0000		CND0000002K8
2025-10-23	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.2658	104.3119	3.5978	100.7141	2.1214	0.26	0.14	0.0028	recommend	104.3254	3.6112	100.0000	AA(2)	CND100018KS0
2025-10-23	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.4274	103.4497	2.3935	101.0563	1.6307	0.43	0.37	0.0044	recommend	103.4612	2.4049	100.0000	AAA	CND000000KN0
2025-10-23	24胶州城投CP001	042400083	Short-term commercial paper (CP)	China Inter-Bank Market	0.0247	102.3568	2.3506	100.0063	1.7235	0.03	0.00	0.0003	recommend	102.3634	2.3572	100.0000	AA(2)	CND10008L3N2
2025-10-23	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.7890	106.5392	1.0506	105.4886	1.8293	1.71	4.65	0.0182	recommend	106.5529	1.0642	100.0000	AAA-
2025-10-23	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.5836	108.6977	1.1978	107.4999	1.6918	5.95	40.64	0.0647	recommend	108.7056	1.2057	100.0000		CND0000002T9
2025-10-23	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.8082	110.4699	1.2236	109.2463	2.8988	2.57	9.32	0.0283	recommend	110.4873	1.2410	100.0000	AA-	CND100011881
2025-10-23	24工商银行CD132	112402132	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0137	99.9811	1.8865	98.0946	1.3786	0.01	0.00	0.0001	recommend	99.9864	1.8917	100.0000	AAA	CND10008LT52
2025-10-23	23浙江01	101900	Local government bond	Shenzhen Stock Exchange	4.3096	107.1062	2.0505	105.0557	1.7408	3.97	20.38	0.0425	recommend	107.1143	2.0587	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
2025-10-22	10914000146	3.9863	113.1184	0.3675	112.7509	2.9396	Recommend
2025-10-22	10914000188	0.7370	37.6506	3.3723	34.2783	3.0748	Recommend
2025-10-22	10914000199		101.1053	1.4284	99.6768	2.9971	Recommend
2025-10-22	10914010188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914020188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914030188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914040188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914050188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10914060188	0.7425	37.6696	3.3852	34.2844	3.0748	Recommend
2025-10-22	10915000009	0.1753	100.8034	0.3839	100.4195	2.9739	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
2025-10-22	10914000146	3.9863	113.1184	0.3675	112.7509	2.9396	113.1359	0.3850	Recommend
2025-10-22	10914000188	0.7370	37.6506	3.3723	34.2783	3.0748	37.6570	3.3787	Recommend
2025-10-22	10914000199		101.1053	1.4284	99.6768	2.9971	101.1181	1.4413	Recommend
2025-10-22	10914010188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914020188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914030188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914040188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914050188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10914060188	0.7425	37.6696	3.3852	34.2844	3.0748	37.6760	3.3916	Recommend
2025-10-22	10915000009	0.1753	100.8034	0.3839	100.4195	2.9739	100.8182	0.3987	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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