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
2026-01-06	03三峡债	038006	Shanghai Stock Exchange	7.5671	119.9999	2.1038	117.8961	2.2587	AAA
2026-01-06	16东方财信PPN001	031664011	China Inter-Bank Market	0.0603	104.7681	4.6047	100.1635	2.0881	AA(2)
2026-01-06	01国开21	010221	China Inter-Bank Market	6.0164	116.9854	2.1863	114.7991	1.9048
2026-01-06	06冀建投债	068012	Shanghai Stock Exchange	0.2219	103.8026	3.2524	100.5502	1.5988	AAA
2026-01-06	17招路02	112563	Shenzhen Stock Exchange	1.5836	107.0568	2.0739	104.9830	1.7551	AAA-
2026-01-06	02国债05	020005	Commercial Bank Counter Market	6.3781	107.3360	0.3445	106.9916	1.7376
2026-01-06	25工商银行CD002	112502002	China Inter-Bank Market	0.0027	99.9960	1.5125	98.4835	1.4450	AAA
2026-01-06	13青国投MTN001	101354012	China Inter-Bank Market	2.6027	111.3778	2.5345	108.8433	2.8011	AA-
2026-01-06	23浙江01	101900	Shenzhen Stock Exchange	4.1041	107.6869	2.6608	105.0261	1.6914	AAA+
2026-01-06	25长寿投资CP001	042500089	China Inter-Bank Market	0.0027	101.9950	1.9945	100.0005	1.7800	AA-

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
2026-01-06	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	7.5671	119.9999	2.1038	117.8961	2.2587	6.35	50.65	0.0762	recommend	120.0132	2.1171	100.0000	AAA	CND0000004T5
2026-01-06	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.0603	104.7681	4.6047	100.1635	2.0881	0.06	0.01	0.0006	recommend	104.7816	4.6181	100.0000	AA(2)	CND100018KS0
2026-01-06	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.0164	116.9854	2.1863	114.7991	1.9048	5.24	32.52	0.0613	recommend	116.9977	2.1986	100.0000		CND0000002K8
2026-01-06	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.2219	103.8026	3.2524	100.5502	1.5988	0.23	0.10	0.0024	recommend	103.8141	3.2638	100.0000	AAA	CND000000KN0
2026-01-06	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.5836	107.0568	2.0739	104.9830	1.7551	1.51	3.81	0.0162	recommend	107.0705	2.0875	100.0000	AAA-
2026-01-06	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.3781	107.3360	0.3445	106.9916	1.7376	5.82	38.64	0.0625	recommend	107.3441	0.3525	100.0000		CND0000002T9
2026-01-06	25工商银行CD002	112502002	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9960	1.5125	98.4835	1.4450	0.00	0.00	0.0000	recommend	100.0002	1.5167	98.4833	AAA	CND10008YDC2
2026-01-06	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.6027	111.3778	2.5345	108.8433	2.8011	2.37	8.15	0.0264	recommend	111.3953	2.5520	100.0000	AA-	CND100011881
2026-01-06	23浙江01	101900	Local government bond	Shenzhen Stock Exchange	4.1041	107.6869	2.6608	105.0261	1.6914	3.77	18.64	0.0406	recommend	107.6950	2.6689	100.0000	AAA+	CND100063JB4
2026-01-06	25长寿投资CP001	042500089	Short-term commercial paper (CP)	China Inter-Bank Market	0.0027	101.9950	1.9945	100.0005	1.7800	0.00	0.00	0.0000	recommend	102.0005	2.0000	100.0000	AA-	CND10008RXN1

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
2026-01-06	10914000146	3.7781	114.5564	1.6975	112.8589	2.7495	Recommend
2026-01-06	10914000188	0.5288	34.1909	0.1352	34.0557	2.8777	Recommend
2026-01-06	10914000199		103.3397	2.4065	100.9332	2.7665	Recommend
2026-01-06	10914010188	0.5342	34.2036	0.1416	34.0620	2.8777	Recommend
2026-01-06	10914020188	0.5342	34.2036	0.1416	34.0620	2.8777	Recommend
2026-01-06	10914030188	0.5342	34.2036	0.1416	34.0620	2.8777	Recommend
2026-01-06	10914040188	0.5342	34.2036	0.1416	34.0620	2.8777	Recommend
2026-01-06	10914050188	0.5342	34.2036	0.1416	34.0620	2.8777	Recommend
2026-01-06	10914060188	0.5342	34.2036	0.1416	34.0620	2.8777	Recommend
2026-01-06	10915000010	4.9671	112.7071	0.1652	112.5420	2.7975	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
2026-01-06	10914000146	3.7781	114.5564	1.6975	112.8589	2.7495	114.5739	1.7150	Recommend
2026-01-06	10914000188	0.5288	34.1909	0.1352	34.0557	2.8777	34.1973	0.1416	Recommend
2026-01-06	10914000199		103.3397	2.4065	100.9332	2.7665	103.3526	2.4193	Recommend
2026-01-06	10914010188	0.5342	34.2036	0.1416	34.0620	2.8777	34.2100	0.1480	Recommend
2026-01-06	10914020188	0.5342	34.2036	0.1416	34.0620	2.8777	34.2100	0.1480	Recommend
2026-01-06	10914030188	0.5342	34.2036	0.1416	34.0620	2.8777	34.2100	0.1480	Recommend
2026-01-06	10914040188	0.5342	34.2036	0.1416	34.0620	2.8777	34.2100	0.1480	Recommend
2026-01-06	10914050188	0.5342	34.2036	0.1416	34.0620	2.8777	34.2100	0.1480	Recommend
2026-01-06	10914060188	0.5342	34.2036	0.1416	34.0620	2.8777	34.2100	0.1480	Recommend
2026-01-06	10915000010	4.9671	112.7071	0.1652	112.5420	2.7975	112.7222	0.1802	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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