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
2025-07-11	03三峡债	038006	Shanghai Stock Exchange	8.0575	125.7339	4.5804	121.1535	1.9920	AAA
2025-07-11	01国开21	010221	Commercial Bank Counter Market	6.5068	119.3336	2.2475	117.0861	1.7305
2025-07-11	16东方财信PPN001	031664011	China Inter-Bank Market	0.5507	103.7110	2.2016	101.5094	2.0819	AA(2)
2025-07-11	06冀建投债	068012	Commercial Bank Counter Market	0.7123	102.9825	1.2025	101.7800	1.6200	AAA
2025-07-11	24冀中能源CP001(科创票据)	042400073	China Inter-Bank Market	0.1342	102.1328	2.0518	100.0810	1.7301	AA
2025-07-11	17招路02	112563	Shenzhen Stock Exchange	2.0740	111.2217	4.6116	106.6101	1.7075	AAA-
2025-07-11	02国债05	020005	Commercial Bank Counter Market	6.8685	108.1973	0.3783	107.8190	1.6895
2025-07-11	13青国投MTN001	101354012	China Inter-Bank Market	3.0932	114.6866	5.7857	108.9009	3.3026	AA-
2025-07-11	24工商银行CD069	112402069	China Inter-Bank Market	0.0110	99.9840	1.9012	98.0828	1.4569	AAA
2025-07-11	23浙江01	101900	Shenzhen Stock Exchange	4.5945	107.1676	1.2043	105.9633	1.6117	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
2025-07-11	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	8.0575	125.7339	4.5804	121.1535	1.9920	6.60	55.64	0.0830	recommend	125.7472	4.5937	100.0000	AAA	CND0000004T5
2025-07-11	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	6.5068	119.3336	2.2475	117.0861	1.7305	5.62	37.42	0.0671	recommend	119.3461	2.2600	100.0000		CND0000002K8
2025-07-11	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.5507	103.7110	2.2016	101.5094	2.0819	0.54	0.59	0.0056	recommend	103.7244	2.2151	100.0000	AA(2)	CND100018KS0
2025-07-11	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.7123	102.9825	1.2025	101.7800	1.6200	0.71	1.01	0.0073	recommend	102.9939	1.2139	100.0000	AAA	CND000000KN0
2025-07-11	24冀中能源CP001(科创票据)	042400073	Short-term commercial paper (CP)	China Inter-Bank Market	0.1342	102.1328	2.0518	100.0810	1.7301	0.13	0.04	0.0014	recommend	102.1393	2.0583	100.0000	AA	CND10008CMD7
2025-07-11	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.0740	111.2217	4.6116	106.6101	1.7075	1.91	5.71	0.0212	recommend	111.2353	4.6253	100.0000	AAA-
2025-07-11	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.8685	108.1973	0.3783	107.8190	1.6895	6.23	44.19	0.0674	recommend	108.2052	0.3861	100.0000		CND0000002T9
2025-07-11	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.0932	114.6866	5.7857	108.9009	3.3026	2.68	10.39	0.0307	recommend	114.7041	5.8032	100.0000	AA-	CND100011881
2025-07-11	24工商银行CD069	112402069	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0110	99.9840	1.9012	98.0828	1.4569	0.01	0.00	0.0001	recommend	99.9893	1.9065	100.0000	AAA	CND1000860F7
2025-07-11	23浙江01	101900	Local government bond	Shenzhen Stock Exchange	4.5945	107.1676	1.2043	105.9633	1.6117	4.26	23.02	0.0456	recommend	107.1757	1.2124	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
2025-07-11	10914000146	4.2685	113.9542	0.1750	113.7792	2.8980	Recommend
2025-07-11	10914000188	1.0192	70.6554	2.6643	67.9911	3.0195	Recommend
2025-07-11	10914000199		136.2757	0.1600	136.1157	2.7152	Recommend
2025-07-11	10914010188	1.0192	70.6913	2.6643	68.0270	3.0196	Recommend
2025-07-11	10914020188	1.0767	70.8386	2.6643	68.1743	3.0193	Recommend
2025-07-11	10914030188	1.0877	70.8664	2.6643	68.2021	3.0194	Recommend
2025-07-11	10914040188	1.4329	71.7127	2.6643	69.0484	3.0426	Recommend
2025-07-11	10914050188	1.4712	71.8095	2.6643	69.1452	3.0465	Recommend
2025-07-11	10914060188	2.6953	110.3048	3.9963	106.3085	3.1051	Recommend
2025-07-11	10915000007	0.2575	101.1246	0.3333	100.7913	2.9787	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
2025-07-11	10914000146	4.2685	113.9542	0.1750	113.7792	2.8980	113.9717	0.1925	Recommend
2025-07-11	10914000188	1.0192	70.6554	2.6643	67.9911	3.0195	70.6683	2.6772	Recommend
2025-07-11	10914000199		136.2757	0.1600	136.1157	2.7152	136.2957	0.1800	Recommend
2025-07-11	10914010188	1.0192	70.6913	2.6643	68.0270	3.0196	70.7042	2.6772	Recommend
2025-07-11	10914020188	1.0767	70.8386	2.6643	68.1743	3.0193	70.8514	2.6772	Recommend
2025-07-11	10914030188	1.0877	70.8664	2.6643	68.2021	3.0194	70.8793	2.6772	Recommend
2025-07-11	10914040188	1.4329	71.7127	2.6643	69.0484	3.0426	71.7256	2.6772	Recommend
2025-07-11	10914050188	1.4712	71.8095	2.6643	69.1452	3.0465	71.8224	2.6772	Recommend
2025-07-11	10914060188	2.6953	110.3048	3.9963	106.3085	3.1051	110.3241	4.0156	Recommend
2025-07-11	10915000007	0.2575	101.1246	0.3333	100.7913	2.9787	101.1413	0.3500	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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