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
2025-01-27	03三峡债	038006	Shanghai Stock Exchange	8.5096	124.9306	2.3834	122.5472	1.9564	AAA
2025-01-27	01国开21	010221	China Inter-Bank Market	6.9589	118.6978	0.1873	118.5105	1.6892
2025-01-27	24工商银行CD027	112402027	China Inter-Bank Market	0.0683	99.8844	2.0947	97.7896	1.6951	AAA
2025-01-27	06冀建投债	068012	Shanghai Stock Exchange	1.1644	106.1907	3.4929	102.6979	1.8130	AAA
2025-01-27	17招路02	112563	Shenzhen Stock Exchange	2.5260	109.9463	2.3604	107.5859	1.8726	AAA-
2025-01-27	24鲁宏桥CP002	042400063	China Inter-Bank Market	0.0273	103.1234	3.1028	100.0205	2.3650	AA
2025-01-27	02国债05	020005	China Inter-Bank Market	7.3205	109.6259	0.5127	109.1132	1.5772
2025-01-27	13青国投MTN001	101354012	China Inter-Bank Market	3.5452	111.6298	2.9016	108.7282	3.6991	AA-
2025-01-27	23浙江01	101900	Commercial Bank Counter Market	5.0464	109.5438	2.8317	106.7122	1.5757	AAA+
2025-01-27	15东方财信PPN001	031564087	China Inter-Bank Market	0.4493	21.0520	0.7159	20.3361	2.6222	AA(2)

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
2025-01-27	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	8.5096	124.9306	2.3834	122.5472	1.9564	7.05	62.18	0.0880	recommend	124.9439	2.3967	100.0000	AAA	CND0000004T5
2025-01-27	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.9589	118.6978	0.1873	118.5105	1.6892	6.08	42.96	0.0721	recommend	118.7102	0.1998	100.0000		CND0000002K8
2025-01-27	24工商银行CD027	112402027	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0683	99.8844	2.0947	97.7896	1.6951	0.07	0.01	0.0007	recommend	99.8905	2.1009	100.0000	AAA	CND10007RKP5
2025-01-27	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	1.1644	106.1907	3.4929	102.6979	1.8130	1.11	2.34	0.0117	recommend	106.2022	3.5043	100.0000	AAA	CND000000KN0
2025-01-27	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.5260	109.9463	2.3604	107.5859	1.8726	2.35	8.02	0.0258	recommend	109.9599	2.3740	100.0000	AAA-
2025-01-27	24鲁宏桥CP002	042400063	Short-term commercial paper (CP)	China Inter-Bank Market	0.0273	103.1234	3.1028	100.0205	2.3650	0.03	0.00	0.0003	recommend	103.1321	3.1116	100.0000	AA	CND10007KM51
2025-01-27	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	7.3205	109.6259	0.5127	109.1132	1.5772	6.60	49.65	0.0724	recommend	109.6339	0.5207	100.0000		CND0000002T9
2025-01-27	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.5452	111.6298	2.9016	108.7282	3.6991	3.10	13.23	0.0346	recommend	111.6473	2.9191	100.0000	AA-	CND100011881
2025-01-27	23浙江01	101900	Local government bond	Commercial Bank Counter Market	5.0464	109.5438	2.8317	106.7122	1.5757	4.58	26.72	0.0501	recommend	109.5520	2.8398	100.0000	AAA+	CND100063JB4
2025-01-27	15东方财信PPN001	031564087	Private placement instruments (PPN)	China Inter-Bank Market	0.4493	21.0520	0.7159	20.3361	2.6222	0.44	0.39	0.0009	recommend	21.0555	0.7195	40.0000	AA(2)	CND100018FQ4

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
2025-01-27	10914000146	4.7205	114.6874	0.4550	114.2324	3.0862	Recommend
2025-01-27	10914000188	1.4712	69.4948	0.5406	68.9543	3.3271	Recommend
2025-01-27	10914000199		138.7662	4.1600	134.6062	3.0258	Recommend
2025-01-27	10914010188	1.4712	69.5315	0.5406	68.9909	3.3276	Recommend
2025-01-27	10914020188	1.5288	69.6655	0.5406	69.1250	3.3260	Recommend
2025-01-27	10914030188	1.5397	69.6909	0.5406	69.1504	3.3258	Recommend
2025-01-27	10914040188	1.8849	70.4694	0.5406	69.9289	3.3231	Recommend
2025-01-27	10914050188	1.9233	70.5602	0.5406	70.0196	3.3234	Recommend
2025-01-27	10914060188	3.1473	108.9281	0.8108	108.1173	3.0330	Recommend
2025-01-27	10915000007	0.7096	102.5101	0.6167	101.8934	3.3659	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
2025-01-27	10914000146	4.7205	114.6874	0.4550	114.2324	3.0862	114.7049	0.4725	Recommend
2025-01-27	10914000188	1.4712	69.4948	0.5406	68.9543	3.3271	69.5077	0.5535	Recommend
2025-01-27	10914000199		138.7662	4.1600	134.6062	3.0258	138.7862	4.1800	Recommend
2025-01-27	10914010188	1.4712	69.5315	0.5406	68.9909	3.3276	69.5444	0.5535	Recommend
2025-01-27	10914020188	1.5288	69.6655	0.5406	69.1250	3.3260	69.6784	0.5535	Recommend
2025-01-27	10914030188	1.5397	69.6909	0.5406	69.1504	3.3258	69.7038	0.5535	Recommend
2025-01-27	10914040188	1.8849	70.4694	0.5406	69.9289	3.3231	70.4823	0.5535	Recommend
2025-01-27	10914050188	1.9233	70.5602	0.5406	70.0196	3.3234	70.5731	0.5535	Recommend
2025-01-27	10914060188	3.1473	108.9281	0.8108	108.1173	3.0330	108.9474	0.8301	Recommend
2025-01-27	10915000007	0.7096	102.5101	0.6167	101.8934	3.3659	102.5267	0.6333	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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