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
2025-09-03	03三峡债	038006	China Inter-Bank Market	7.9096	119.8044	0.4394	119.3650	2.1687	AAA
2025-09-03	16东方财信PPN001	031664011	China Inter-Bank Market	0.4027	104.0147	2.9266	101.0882	2.1133	AA(2)
2025-09-03	01国开21	010221	China Inter-Bank Market	6.3589	116.5937	0.6510	115.9427	1.8495
2025-09-03	06冀建投债	068012	Commercial Bank Counter Market	0.5644	103.2121	1.8209	101.3912	1.6456	AAA
2025-09-03	24工商银行CD108	112402108	China Inter-Bank Market	0.0027	99.9961	1.9075	98.0887	1.4078	AAA
2025-09-03	17招路02	112563	Shenzhen Stock Exchange	1.9260	106.3302	0.3684	105.9618	1.8012	AAA-
2025-09-03	24淄博城资CP004	042400074	China Inter-Bank Market	0.0164	102.1419	2.1343	100.0075	1.6754	AA(2)
2025-09-03	02国债05	020005	Commercial Bank Counter Market	6.7205	108.5184	0.8038	107.7146	1.6814
2025-09-03	13青国投MTN001	101354012	China Inter-Bank Market	2.9452	109.8339	0.3496	109.4843	2.9677	AA-
2025-09-03	23浙江01	101900	Commercial Bank Counter Market	4.4466	106.9237	1.6437	105.2800	1.7248	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
2025-09-03	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.9096	119.8044	0.4394	119.3650	2.1687	6.70	55.49	0.0802	recommend	119.8177	0.4527	100.0000	AAA	CND0000004T5
2025-09-03	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.4027	104.0147	2.9266	101.0882	2.1133	0.40	0.32	0.0042	recommend	104.0282	2.9400	100.0000	AA(2)	CND100018KS0
2025-09-03	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3589	116.5937	0.6510	115.9427	1.8495	5.58	36.36	0.0650	recommend	116.6060	0.6633	100.0000		CND0000002K8
2025-09-03	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.5644	103.2121	1.8209	101.3912	1.6456	0.56	0.64	0.0058	recommend	103.2236	1.8323	100.0000	AAA	CND000000KN0
2025-09-03	24工商银行CD108	112402108	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9961	1.9075	98.0887	1.4078	0.00	0.00	0.0000	recommend	100.0014	1.9127	100.0000	AAA	CND10008DNV5
2025-09-03	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.9260	106.3302	0.3684	105.9618	1.8012	1.85	5.27	0.0196	recommend	106.3438	0.3820	100.0000	AAA-
2025-09-03	24淄博城资CP004	042400074	Short-term commercial paper (CP)	China Inter-Bank Market	0.0164	102.1419	2.1343	100.0075	1.6754	0.02	0.00	0.0002	recommend	102.1478	2.1403	100.0000	AA(2)	CND10008D8N1
2025-09-03	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.7205	108.5184	0.8038	107.7146	1.6814	6.09	42.33	0.0660	recommend	108.5263	0.8117	100.0000		CND0000002T9
2025-09-03	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9452	109.8339	0.3496	109.4843	2.9677	2.70	10.13	0.0296	recommend	109.8514	0.3671	100.0000	AA-	CND100011881
2025-09-03	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.4466	106.9237	1.6437	105.2800	1.7248	4.10	21.60	0.0439	recommend	106.9318	1.6518	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
2025-09-03	10914000146	4.1205	113.7809	1.1200	112.6609	3.0568	Recommend
2025-09-03	10914000188	0.8712	37.5487	3.0569	34.4918	2.8995	Recommend
2025-09-03	10914000199		101.2056	0.7979	100.4077	2.9276	Recommend
2025-09-03	10914010188	0.8767	37.5676	3.0698	34.4978	2.8995	Recommend
2025-09-03	10914020188	0.8767	37.5676	3.0698	34.4978	2.8995	Recommend
2025-09-03	10914030188	0.8767	37.5676	3.0698	34.4978	2.8995	Recommend
2025-09-03	10914040188	0.8767	37.5676	3.0698	34.4978	2.8995	Recommend
2025-09-03	10914050188	0.8767	37.5676	3.0698	34.4978	2.8995	Recommend
2025-09-03	10914060188	0.8767	37.5676	3.0698	34.4978	2.8995	Recommend
2025-09-03	10915000007	0.1096	101.5860	1.2333	100.3526	2.8397	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
2025-09-03	10914000146	4.1205	113.7809	1.1200	112.6609	3.0568	113.7984	1.1375	Recommend
2025-09-03	10914000188	0.8712	37.5487	3.0569	34.4918	2.8995	37.5551	3.0633	Recommend
2025-09-03	10914000199		101.2056	0.7979	100.4077	2.9276	101.2184	0.8107	Recommend
2025-09-03	10914010188	0.8767	37.5676	3.0698	34.4978	2.8995	37.5741	3.0762	Recommend
2025-09-03	10914020188	0.8767	37.5676	3.0698	34.4978	2.8995	37.5741	3.0762	Recommend
2025-09-03	10914030188	0.8767	37.5676	3.0698	34.4978	2.8995	37.5741	3.0762	Recommend
2025-09-03	10914040188	0.8767	37.5676	3.0698	34.4978	2.8995	37.5741	3.0762	Recommend
2025-09-03	10914050188	0.8767	37.5676	3.0698	34.4978	2.8995	37.5741	3.0762	Recommend
2025-09-03	10914060188	0.8767	37.5676	3.0698	34.4978	2.8995	37.5741	3.0762	Recommend
2025-09-03	10915000007	0.1096	101.5860	1.2333	100.3526	2.8397	101.6026	1.2500	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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