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
2026-09-17	03三峡债	038006	Shanghai Stock Exchange	6.8712	120.1560	0.6258	119.5302	1.8108	AAA
2026-09-17	01国开21	010221	Commercial Bank Counter Market	5.3205	115.8839	0.8229	115.0610	1.5576
2026-09-17	17招路02	112563	Shenzhen Stock Exchange	0.8877	103.5726	0.5594	103.0132	1.5214	AAA-
2026-09-17	25工商银行CD257	112502257	China Inter-Bank Market	0.0027	99.9962	1.6477	98.3485	1.4050	AAA
2026-09-17	02国债05	020005	Commercial Bank Counter Market	5.6822	109.1654	0.9141	108.2513	1.3854
2026-09-17	07豫投债2	078012	Commercial Bank Counter Market	0.6630	103.5799	1.5569	102.0230	1.5145	AAA
2026-09-17	25津南城投CP007	042500110	China Inter-Bank Market	0.0137	101.9579	1.9529	100.0051	1.5800	AA-
2026-09-17	13青国投MTN001	101354012	China Inter-Bank Market	1.9068	108.0816	0.5943	107.4873	2.3174	AA-
2026-09-17	23浙江01	101900	Commercial Bank Counter Market	3.4082	107.0525	1.7576	105.2950	1.3678	AAA+
2026-09-17	16沂南城建PPN001	031695001	China Inter-Bank Market	0.2658	25.8172	0.6884	25.1288	1.7535	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
2026-09-17	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	6.8712	120.1560	0.6258	119.5302	1.8108	5.95	44.06	0.0715	recommend	120.1693	0.6391	100.0000	AAA	CND0000004T5
2026-09-17	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	5.3205	115.8839	0.8229	115.0610	1.5576	4.76	26.55	0.0552	recommend	115.8962	0.8352	100.0000		CND0000002K8
2026-09-17	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	0.8877	103.5726	0.5594	103.0132	1.5214	0.88	1.55	0.0091	recommend	103.5863	0.5730	100.0000	AAA-
2026-09-17	25工商银行CD257	112502257	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9962	1.6477	98.3485	1.4050	0.00	0.00	0.0000	recommend	100.0007	1.6522	98.3478	AAA	CND10009RYR8
2026-09-17	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	5.6822	109.1654	0.9141	108.2513	1.3854	5.22	31.30	0.0570	recommend	109.1733	0.9220	100.0000		CND0000002T9
2026-09-17	07豫投债2	078012	Local enterprise bond	Commercial Bank Counter Market	0.6630	103.5799	1.5569	102.0230	1.5145	0.66	0.86	0.0068	recommend	103.5925	1.5695	100.0000	AAA	CND100000JJ9
2026-09-17	25津南城投CP007	042500110	Short-term commercial paper (CP)	China Inter-Bank Market	0.0137	101.9579	1.9529	100.0051	1.5800	0.01	0.00	0.0001	recommend	101.9634	1.9583	100.0000	AA-	CND10009RCD4
2026-09-17	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	1.9068	108.0816	0.5943	107.4873	2.3174	1.81	5.08	0.0195	recommend	108.0991	0.6118	100.0000	AA-	CND100011881
2026-09-17	23浙江01	101900	Local government bond	Commercial Bank Counter Market	3.4082	107.0525	1.7576	105.2950	1.3678	3.20	13.75	0.0343	recommend	107.0607	1.7657	100.0000	AAA+	CND100063JB4
2026-09-17	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.2658	25.8172	0.6884	25.1288	1.7535	0.26	0.14	0.0007	recommend	25.8198	0.6909	25.0000	AA	CND100013TG7

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
2026-09-17	10914000146	3.0822	112.3329	1.3650	110.9679	2.6309	Recommend
2026-09-17	10914000199		102.9609	0.9780	101.9829	2.4074	Recommend
2026-09-17	10915000010	4.2712	112.6071	1.2461	111.3610	2.6840	Recommend
2026-09-17	10915000010	9.2712	127.0597	1.2461	125.8135	2.5281
2026-09-17	10915000020	3.4932	114.3320	1.3689	112.9631	2.6527	Recommend
2026-09-17	10916000014	0.1288	100.8948	0.6111	100.2837	2.8023	Recommend
2026-09-17	10916000015	0.1507	43.6906	0.2167	43.4739	2.8023	Recommend
2026-09-17	10916000016	0.2658	101.7214	1.1481	100.5733	2.7852	Recommend
2026-09-17	10916000016	5.2658	116.8015	1.1481	115.6534	2.2637
2026-09-17	10916000017	0.2658	101.7214	1.1481	100.5733	2.7852	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
2026-09-17	10914000146	3.0822	112.3329	1.3650	110.9679	2.6309	112.3504	1.3825	Recommend
2026-09-17	10914000199		102.9609	0.9780	101.9829	2.4074	102.9738	0.9909	Recommend
2026-09-17	10915000010	4.2712	112.6071	1.2461	111.3610	2.6840	112.6222	1.2612	Recommend
2026-09-17	10915000010	9.2712	127.0597	1.2461	125.8135	2.5281	127.0747	1.2612
2026-09-17	10915000020	3.4932	114.3320	1.3689	112.9631	2.6527	114.3475	1.3844	Recommend
2026-09-17	10916000014	0.1288	100.8948	0.6111	100.2837	2.8023	100.9087	0.6250	Recommend
2026-09-17	10916000015	0.1507	43.6906	0.2167	43.4739	2.8023	43.6966	0.2227	Recommend
2026-09-17	10916000016	0.2658	101.7214	1.1481	100.5733	2.7852	101.7349	1.1616	Recommend
2026-09-17	10916000016	5.2658	116.8015	1.1481	115.6534	2.2637	116.8150	1.1616
2026-09-17	10916000017	0.2658	101.7214	1.1481	100.5733	2.7852	101.7349	1.1616	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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