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
2022-12-09	03三峡债	038006	Shanghai Stock Exchange	10.6438	111.6980	1.7310	109.9671	3.7073	AAA
2022-12-09	01国开21	010221	China Inter-Bank Market	9.0932	112.5164	1.8424	110.6740	3.1598
2022-12-09	21农业银行CD145	112103145	China Inter-Bank Market	0.0110	99.9855	2.5815	97.4040	1.3043	AAA
2022-12-09	06冀建投债	068012	Shanghai Stock Exchange	3.2986	104.8974	2.9317	101.9657	3.5333	AAA
2022-12-09	13津渤海PPN001	031390396	China Inter-Bank Market	0.9644	95.1780	0.2315	94.9465	12.3000	AA-
2022-12-09	21深圳水务CP001	042100646	China Inter-Bank Market	0.0027	102.7630	2.7724	99.9906	2.0140	AA+
2022-12-09	02国债05	020005	China Inter-Bank Market	9.4548	99.9634	0.1202	99.8432	2.9190
2022-12-09	19安徽债01	104500	China Inter-Bank Market	3.1452	104.9611	2.8807	102.0805	2.6697	AAA
2022-12-09	13青国投MTN001	101354012	China Inter-Bank Market	5.6795	74.5268	2.0451	72.4818	13.6243	B
2022-12-09	15投资01	112307	Shenzhen Stock Exchange	1.0356	103.6550	4.1468	99.5082	4.7946	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	YTM on Weighted Average Full Price of Settlement (%)	Recommendation	Full Price (End Day)(Yuan)	Accrued Interest (End Day) (Yuan)	Residual Principal(Yuan)	Absolute Liquidity Index	Position Percentile	Relative Liquidity Index	Relative Liquidity Reference Value	ChinaBond Market Implied Rating	ISIN
2022-12-09	03三峡债	038006	Central Government Owned Enterprise Bonds	Shanghai Stock Exchange	10.6438	111.6980	1.7310	109.9671	3.7073	8.23	85.74	0.0920		recommend	111.7114	1.7443	100.0000	0.09	1.05	0.09	0.10	AAA	CND0000004T5
2022-12-09	01国开21	010221	Policy Bank Bonds	China Inter-Bank Market	9.0932	112.5164	1.8424	110.6740	3.1598	7.40	65.69	0.0833		recommend	112.5287	1.8547	100.0000	0.04	10.87	1.27	1.00		CND0000002K8
2022-12-09	21农业银行CD145	112103145	Negotiable Certificates of Deposit	China Inter-Bank Market	0.0110	99.9855	2.5815	97.4040	1.3043	0.01	0.00	0.0001		recommend	99.9927	2.5886	100.0000	0.00	18.09	0.00	0.10	AAA
2022-12-09	06冀建投债	068012	Local Government Owned Enterprise Bonds	Shanghai Stock Exchange	3.2986	104.8974	2.9317	101.9657	3.5333	2.96	12.10	0.0311		recommend	104.9088	2.9432	100.0000	0.00	3.14	0.00	0.10	AAA	CND000000KN0
2022-12-09	13津渤海PPN001	031390396	PPNs	China Inter-Bank Market	0.9644	95.1780	0.2315	94.9465	12.3000	0.86	1.49	0.0082		recommend	95.1958	0.2493	100.0000	0.00	18.09	0.00	0.10	AA-	CND100011HR3
2022-12-09	21深圳水务CP001	042100646	Commercial Papers	China Inter-Bank Market	0.0027	102.7630	2.7724	99.9906	2.0140	0.01	0.00	0.0001		recommend	102.7706	2.7800	100.0000	0.00	18.09	0.00	0.10	AA+
2022-12-09	02国债05	020005	Book-Entry Treasury Bonds	China Inter-Bank Market	9.4548	99.9634	0.1202	99.8432	2.9190	8.21	77.11	0.0821	0.0290	recommend	99.9714	0.1282	100.0000	0.15	12.91	7.81	1.00		CND0000002T9
2022-12-09	19安徽债01	104500	Local Government Bonds	China Inter-Bank Market	3.1452	104.9611	2.8807	102.0805	2.6697	2.88	11.48	0.0302	0.0268	recommend	104.9704	2.8899	100.0000	0.11	10.74	4.20	1.00	AAA	CND10001Y694
2022-12-09	13青国投MTN001	101354012	Medium-Term Notes	China Inter-Bank Market	5.6795	74.5268	2.0451	72.4818	13.6243	4.11	22.76	0.0307		recommend	74.5443	2.0626	100.0000	0.00	18.09	0.00	0.10	B	CND100011881
2022-12-09	15投资01	112307	Corporate Bonds	Shenzhen Stock Exchange	1.0356	103.6550	4.1468	99.5082	4.7946	0.95	1.84	0.0098		recommend	103.6668	4.1586	100.0000	0.36	0.54	0.36	0.10	AA

Chinabond CCRE Credit Assets Valuation

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Date	Code	Short Name	Maturity(Yrs)	Full Price(Yuan)	Net Price(Yuan)	Accrued Interest(Yuan)	Yield to Maturity(%)	Residue Principal(Yuan)	Recommendation	Remarks
2022-12-09	2022000132	振兴银行2022年第一期	0.1370	100.0931	100.0767	0.0164	5.0925	100.0000	Recommend	Based on the data of underlying assets
2022-12-09	2022000132	振兴银行2022年第一期	3.1397	100.1553	100.1389	0.0164	5.2872	100.0000		Based on the data of underlying assets
2022-12-09	2021000208	永赢租赁2021年第7期	1.9726	96.4182	96.0155	0.4027	5.7085	100.0000	Recommend	Based on the data of underlying assets
2022-12-09	2021000208	永赢租赁2021年第7期	3.9726	96.4182	96.0155	0.4027	5.7085	100.0000		Based on the data of underlying assets
2022-12-09	02100120	2021年上海信托-鑫众11号优先A3	0.2685	27.2937	27.2119	0.0818	3.4714	27.1538	Recommend	Based on the data of underlying assets
2022-12-09	02100120	2021年上海信托-鑫众11号优先A3	4.1671	27.2937	27.2119	0.0818	3.4714	27.1538		Based on the data of underlying assets
2022-12-09	02000378	2020年紫金信托-鑫众10号优先A4	0.5205	96.8997	96.5239	0.3758	4.1414	95.9300	Recommend	Based on the data of underlying assets
2022-12-09	02000378	2020年紫金信托-鑫众10号优先A4	3.6767	96.8997	96.5239	0.3758	4.1414	95.9300		Based on the data of underlying assets
2022-12-09	2021000114	永赢租赁2021年第5期	1.1233	99.0920	98.0268	1.0652	5.4690	100.0000	Recommend	Based on the data of underlying assets
2022-12-09	2021000114	永赢租赁2021年第5期	3.1260	99.0920	98.0268	1.0652	5.4690	100.0000		Based on the data of underlying assets

Date	Code	Short Name	Originator	Coupon Rate(%)	Asset Credit Rating	Maturity(Yrs)	Maturity Type	Full Price(Yuan)	Net Price(Yuan)	Accrued Interest(Yuan)	Yield to Maturity(%)	Residue Principal(Yuan)	Recommendation	Remarks
2022-12-09	2022000132	振兴银行2022年第一期	辽宁振兴银行股份有限公司	6.0000		0.1370	Based on Expected Maturity Date	100.0931	100.0767	0.0164	5.0925	100.0000	Recommend	Based on the data of underlying assets
2022-12-09	2022000132	振兴银行2022年第一期	辽宁振兴银行股份有限公司	6.0000		3.1397	Based on Final Maturity Date	100.1553	100.1389	0.0164	5.2872	100.0000		Based on the data of underlying assets
2022-12-09	2021000208	永赢租赁2021年第7期	永赢金融租赁有限公司	3.5000		1.9726	Based on Expected Maturity Date	96.4182	96.0155	0.4027	5.7085	100.0000	Recommend	Based on the data of underlying assets
2022-12-09	2021000208	永赢租赁2021年第7期	永赢金融租赁有限公司	3.5000		3.9726	Based on Final Maturity Date	96.4182	96.0155	0.4027	5.7085	100.0000		Based on the data of underlying assets
2022-12-09	02100120	2021年上海信托-鑫众11号优先A3	南京银行股份有限公司	5.0000	AAA	0.2685	Based on Expected Maturity Date	27.2937	27.2119	0.0818	3.4714	27.1538	Recommend	Based on the data of underlying assets
2022-12-09	02100120	2021年上海信托-鑫众11号优先A3	南京银行股份有限公司	5.0000	AAA	4.1671	Based on Final Maturity Date	27.2937	27.2119	0.0818	3.4714	27.1538		Based on the data of underlying assets
2022-12-09	02000378	2020年紫金信托-鑫众10号优先A4	南京银行股份有限公司	6.5000	AAA	0.5205	Based on Expected Maturity Date	96.8997	96.5239	0.3758	4.1414	95.9300	Recommend	Based on the data of underlying assets
2022-12-09	02000378	2020年紫金信托-鑫众10号优先A4	南京银行股份有限公司	6.5000	AAA	3.6767	Based on Final Maturity Date	96.8997	96.5239	0.3758	4.1414	95.9300		Based on the data of underlying assets
2022-12-09	2021000114	永赢租赁2021年第5期	永赢金融租赁有限公司	3.6000		1.1233	Based on Expected Maturity Date	99.0920	98.0268	1.0652	5.4690	100.0000	Recommend	Based on the data of underlying assets
2022-12-09	2021000114	永赢租赁2021年第5期	永赢金融租赁有限公司	3.6000		3.1260	Based on Final Maturity Date	99.0920	98.0268	1.0652	5.4690	100.0000		Based on the data of underlying assets

Insurance Asset Management Products Valuation

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Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Recommendation
2022-12-09	10919000106	1.2411	102.0007	1.1353	100.8653	4.9553	Recommend
2022-12-09	10921000333	0.3699	101.0546	1.3203	99.7343	7.0111	Recommend
2022-12-09	10921000333	4.3726	97.8788	1.3203	96.5585	7.2033
2022-12-09	10921000335	3.4301	102.1205	1.2226	100.8979	5.0108	Recommend
2022-12-09	10921000395	3.4630	101.7957	1.2337	100.5620	5.6312	Recommend
2022-12-09	10921000395	8.4658	104.0522	1.2337	102.8185	5.3862
2022-12-09	10921000416	3.5041	99.6016	1.1904	98.4112	6.2609	Recommend
2022-12-09	10921000425	1.5205	101.0215	1.1255	99.8961	5.3665	Recommend
2022-12-09	10921000425	7.5233	104.4590	1.1255	103.3335	4.7503
2022-12-09	10921000432	1.5370	101.8143	1.5812	100.2331	6.7832	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
2022-12-09	10919000106	1.2411	102.0007	1.1353	100.8653	4.9553	102.0160	1.1507	Recommend
2022-12-09	10921000333	0.3699	101.0546	1.3203	99.7343	7.0111	101.0713	1.3370	Recommend
2022-12-09	10921000333	4.3726	97.8788	1.3203	96.5585	7.2033	97.8955	1.3370
2022-12-09	10921000335	3.4301	102.1205	1.2226	100.8979	5.0108	102.1349	1.2370	Recommend
2022-12-09	10921000395	3.4630	101.7957	1.2337	100.5620	5.6312	101.8113	1.2493	Recommend
2022-12-09	10921000395	8.4658	104.0522	1.2337	102.8185	5.3862	104.0678	1.2493
2022-12-09	10921000416	3.5041	99.6016	1.1904	98.4112	6.2609	99.6166	1.2055	Recommend
2022-12-09	10921000425	1.5205	101.0215	1.1255	99.8961	5.3665	101.0358	1.1397	Recommend
2022-12-09	10921000425	7.5233	104.4590	1.1255	103.3335	4.7503	104.4733	1.1397
2022-12-09	10921000432	1.5370	101.8143	1.5812	100.2331	6.7832	101.8329	1.5998	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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