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
2025-11-10	03三峡债	038006	China Inter-Bank Market	7.7233	120.3473	1.3448	119.0025	2.1607	AAA
2025-11-10	01国开21	010221	China Inter-Bank Market	6.1726	116.9640	1.4862	115.4778	1.8537
2025-11-10	16东方财信PPN001	031664011	China Inter-Bank Market	0.2164	104.4352	3.8395	100.5958	2.0561	AA(2)
2025-11-10	06冀建投债	068012	China Inter-Bank Market	0.3781	103.5302	2.5996	100.9305	1.6364	AAA
2025-11-10	17招路02	112563	Shenzhen Stock Exchange	1.7397	106.7155	1.2962	105.4193	1.7837	AAA-
2025-11-10	02国债05	020005	Commercial Bank Counter Market	6.5342	109.1441	1.3397	107.8045	1.6364
2025-11-10	24工商银行CD152	112402152	China Inter-Bank Market	0.0685	99.8992	1.5571	98.3421	1.4736	AAA
2025-11-10	24新余城建CP001	042400087	China Inter-Bank Market	0.1096	101.8997	1.8610	100.0387	1.6230	AA(2)
2025-11-10	13青国投MTN001	101354012	China Inter-Bank Market	2.7589	111.0982	1.5382	109.5600	2.7297	AA-
2025-11-10	23浙江01	101900	Commercial Bank Counter Market	4.2603	107.4534	2.1970	105.2564	1.6800	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
2025-11-10	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.7233	120.3473	1.3448	119.0025	2.1607	6.52	52.91	0.0784	recommend	120.3606	1.3581	100.0000	AAA	CND0000004T5
2025-11-10	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.1726	116.9640	1.4862	115.4778	1.8537	5.39	34.26	0.0631	recommend	116.9763	1.4985	100.0000		CND0000002K8
2025-11-10	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.2164	104.4352	3.8395	100.5958	2.0561	0.22	0.09	0.0023	recommend	104.4487	3.8529	100.0000	AA(2)	CND100018KS0
2025-11-10	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.3781	103.5302	2.5996	100.9305	1.6364	0.38	0.29	0.0039	recommend	103.5416	2.6111	100.0000	AAA	CND000000KN0
2025-11-10	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.7397	106.7155	1.2962	105.4193	1.7837	1.66	4.45	0.0178	recommend	106.7291	1.3098	100.0000	AAA-
2025-11-10	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.5342	109.1441	1.3397	107.8045	1.6364	5.90	40.07	0.0644	recommend	109.1520	1.3476	100.0000		CND0000002T9
2025-11-10	24工商银行CD152	112402152	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0685	99.8992	1.5571	98.3421	1.4736	0.07	0.01	0.0007	recommend	99.9037	1.5617	100.0000	AAA	CND10008TFF0
2025-11-10	24新余城建CP001	042400087	Short-term commercial paper (CP)	China Inter-Bank Market	0.1096	101.8997	1.8610	100.0387	1.6230	0.11	0.03	0.0012	recommend	101.9054	1.8667	100.0000	AA(2)	CND10008R6F5
2025-11-10	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.7589	111.0982	1.5382	109.5600	2.7297	2.52	9.06	0.0280	recommend	111.1156	1.5557	100.0000	AA-	CND100011881
2025-11-10	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.2603	107.4534	2.1970	105.2564	1.6800	3.92	19.97	0.0422	recommend	107.4615	2.2051	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
2025-11-10	10914000146	3.9342	113.5773	0.7000	112.8773	2.8691	Recommend
2025-11-10	10914000188	0.6849	37.7068	3.4946	34.2122	3.0918	Recommend
2025-11-10	10914000199		102.9882	1.6729	101.3153	2.7542	Recommend
2025-11-10	10914010188	0.6904	37.7258	3.5075	34.2184	3.0918	Recommend
2025-11-10	10914020188	0.6904	37.7258	3.5075	34.2184	3.0918	Recommend
2025-11-10	10914030188	0.6904	37.7258	3.5075	34.2184	3.0918	Recommend
2025-11-10	10914040188	0.6904	37.7258	3.5075	34.2184	3.0918	Recommend
2025-11-10	10914050188	0.6904	37.7258	3.5075	34.2184	3.0918	Recommend
2025-11-10	10914060188	0.6904	37.7258	3.5075	34.2184	3.0918	Recommend
2025-11-10	10915000009	0.1233	100.9596	0.6645	100.2951	2.9679	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
2025-11-10	10914000146	3.9342	113.5773	0.7000	112.8773	2.8691	113.5948	0.7175	Recommend
2025-11-10	10914000188	0.6849	37.7068	3.4946	34.2122	3.0918	37.7133	3.5010	Recommend
2025-11-10	10914000199		102.9882	1.6729	101.3153	2.7542	103.0011	1.6858	Recommend
2025-11-10	10914010188	0.6904	37.7258	3.5075	34.2184	3.0918	37.7323	3.5139	Recommend
2025-11-10	10914020188	0.6904	37.7258	3.5075	34.2184	3.0918	37.7323	3.5139	Recommend
2025-11-10	10914030188	0.6904	37.7258	3.5075	34.2184	3.0918	37.7323	3.5139	Recommend
2025-11-10	10914040188	0.6904	37.7258	3.5075	34.2184	3.0918	37.7323	3.5139	Recommend
2025-11-10	10914050188	0.6904	37.7258	3.5075	34.2184	3.0918	37.7323	3.5139	Recommend
2025-11-10	10914060188	0.6904	37.7258	3.5075	34.2184	3.0918	37.7323	3.5139	Recommend
2025-11-10	10915000009	0.1233	100.9596	0.6645	100.2951	2.9679	100.9744	0.6793	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

Any Institution or Individual who intends to use ChinaBond Pricing Data Products to develop products, or use index data as benchmark, as well as to develop the passive investment products, ETF products and derivatives, shall apply to ChinaBond Pricing Center Co., Ltd. separately in writing.Contact information: 010-88170470/0475/dataservice@chinabond.com.cn

Instructions

1.Bond Valuation: 86-10-010-88174538/4537/0640 Quality Control: 86-21-60813561,86-21-60813562,86-10-88174536,86-10-88174551,86-10-881747122.For more details please visit ChinaBond Dr.Quant, ChinaBond datagate and authorized data vendors. 3.Internet Explorer 11 or Google Chrome is recommended.