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
2025-09-02	03三峡债	038006	Shanghai Stock Exchange	7.9123	119.7851	0.4261	119.3590	2.1703	AAA
2025-09-02	01国开21	010221	China Inter-Bank Market	6.3616	116.4650	0.6387	115.8263	1.8684
2025-09-02	16东方财信PPN001	031664011	China Inter-Bank Market	0.4055	104.0071	2.9132	101.0939	2.1173	AA(2)
2025-09-02	06冀建投债	068012	Shanghai Stock Exchange	0.5671	103.2078	1.8094	101.3984	1.6451	AAA
2025-09-02	17招路02	112563	Shenzhen Stock Exchange	1.9288	106.3014	0.3547	105.9467	1.8132	AAA-
2025-09-02	24工商银行CD108	112402108	China Inter-Bank Market	0.0055	99.9923	1.9022	98.0901	1.4067	AAA
2025-09-02	24淄博城资CP004	042400074	China Inter-Bank Market	0.0192	102.1370	2.1284	100.0086	1.6840	AA(2)
2025-09-02	02国债05	020005	Commercial Bank Counter Market	6.7233	108.3652	0.7959	107.5692	1.7038
2025-09-02	13青国投MTN001	101354012	China Inter-Bank Market	2.9479	109.9965	0.3321	109.6644	2.9100	AA-
2025-09-02	23浙江01	101900	Shanghai Stock Exchange	4.4493	106.8884	1.6355	105.2528	1.7317	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
2025-09-02	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.9123	119.7851	0.4261	119.3590	2.1703	6.70	55.52	0.0802	recommend	119.7984	0.4394	100.0000	AAA	CND0000004T5
2025-09-02	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3616	116.4650	0.6387	115.8263	1.8684	5.58	36.38	0.0650	recommend	116.4773	0.6510	100.0000		CND0000002K8
2025-09-02	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.4055	104.0071	2.9132	101.0939	2.1173	0.40	0.32	0.0042	recommend	104.0205	2.9266	100.0000	AA(2)	CND100018KS0
2025-09-02	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.5671	103.2078	1.8094	101.3984	1.6451	0.57	0.64	0.0059	recommend	103.2193	1.8209	100.0000	AAA	CND000000KN0
2025-09-02	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.9288	106.3014	0.3547	105.9467	1.8132	1.85	5.28	0.0197	recommend	106.3151	0.3684	100.0000	AAA-
2025-09-02	24工商银行CD108	112402108	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0055	99.9923	1.9022	98.0901	1.4067	0.01	0.00	0.0001	recommend	99.9975	1.9075	100.0000	AAA	CND10008DNV5
2025-09-02	24淄博城资CP004	042400074	Short-term commercial paper (CP)	China Inter-Bank Market	0.0192	102.1370	2.1284	100.0086	1.6840	0.02	0.00	0.0002	recommend	102.1430	2.1343	100.0000	AA(2)	CND10008D8N1
2025-09-02	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.7233	108.3652	0.7959	107.5692	1.7038	6.09	42.35	0.0660	recommend	108.3730	0.8038	100.0000		CND0000002T9
2025-09-02	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9479	109.9965	0.3321	109.6644	2.9100	2.70	10.16	0.0297	recommend	110.0139	0.3496	100.0000	AA-	CND100011881
2025-09-02	23浙江01	101900	Local government bond	Shanghai Stock Exchange	4.4493	106.8884	1.6355	105.2528	1.7317	4.11	21.62	0.0439	recommend	106.8965	1.6437	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
2025-09-02	10914000146	4.1233	113.7455	1.1025	112.6430	3.0630	Recommend
2025-09-02	10914000188	0.8740	37.5461	3.0505	34.4957	2.8981	Recommend
2025-09-02	10914000199		101.1470	0.7850	100.3620	2.9346	Recommend
2025-09-02	10914010188	0.8795	37.5651	3.0633	34.5017	2.8981	Recommend
2025-09-02	10914020188	0.8795	37.5651	3.0633	34.5017	2.8981	Recommend
2025-09-02	10914030188	0.8795	37.5651	3.0633	34.5017	2.8981	Recommend
2025-09-02	10914040188	0.8795	37.5651	3.0633	34.5017	2.8981	Recommend
2025-09-02	10914050188	0.8795	37.5651	3.0633	34.5017	2.8981	Recommend
2025-09-02	10914060188	0.8795	37.5651	3.0633	34.5017	2.8981	Recommend
2025-09-02	10915000007	0.1123	101.5782	1.2167	100.3615	2.8387	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
2025-09-02	10914000146	4.1233	113.7455	1.1025	112.6430	3.0630	113.7630	1.1200	Recommend
2025-09-02	10914000188	0.8740	37.5461	3.0505	34.4957	2.8981	37.5526	3.0569	Recommend
2025-09-02	10914000199		101.1470	0.7850	100.3620	2.9346	101.1599	0.7979	Recommend
2025-09-02	10914010188	0.8795	37.5651	3.0633	34.5017	2.8981	37.5715	3.0698	Recommend
2025-09-02	10914020188	0.8795	37.5651	3.0633	34.5017	2.8981	37.5715	3.0698	Recommend
2025-09-02	10914030188	0.8795	37.5651	3.0633	34.5017	2.8981	37.5715	3.0698	Recommend
2025-09-02	10914040188	0.8795	37.5651	3.0633	34.5017	2.8981	37.5715	3.0698	Recommend
2025-09-02	10914050188	0.8795	37.5651	3.0633	34.5017	2.8981	37.5715	3.0698	Recommend
2025-09-02	10914060188	0.8795	37.5651	3.0633	34.5017	2.8981	37.5715	3.0698	Recommend
2025-09-02	10915000007	0.1123	101.5782	1.2167	100.3615	2.8387	101.5948	1.2333	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.