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
2025-11-17	03三峡债	038006	China Inter-Bank Market	7.7041	120.4741	1.4380	119.0361	2.1508	AAA
2025-11-17	16东方财信PPN001	031664011	China Inter-Bank Market	0.1973	104.4829	3.9334	100.5495	2.0235	AA(2)
2025-11-17	01国开21	010221	Commercial Bank Counter Market	6.1534	117.1860	1.5722	115.6138	1.8250
2025-11-17	06冀建投债	068012	China Inter-Bank Market	0.3589	103.5662	2.6798	100.8865	1.6264	AAA
2025-11-17	17招路02	112563	Shenzhen Stock Exchange	1.7205	106.7349	1.3917	105.3432	1.7932	AAA-
2025-11-17	02国债05	020005	Commercial Bank Counter Market	6.5151	109.1768	1.3948	107.7820	1.6365
2025-11-17	24工商银行CD152	112402152	China Inter-Bank Market	0.0493	99.9263	1.5892	98.3372	1.4946	AAA
2025-11-17	24新余城建CP001	042400087	China Inter-Bank Market	0.0904	101.9304	1.9010	100.0293	1.6334	AA(2)
2025-11-17	13青国投MTN001	101354012	China Inter-Bank Market	2.7397	110.9280	1.6605	109.2674	2.8116	AA-
2025-11-17	23浙江01	101900	Commercial Bank Counter Market	4.2411	107.5784	2.2539	105.3244	1.6584	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
2025-11-17	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.7041	120.4741	1.4380	119.0361	2.1508	6.50	52.66	0.0783	recommend	120.4874	1.4513	100.0000	AAA	CND0000004T5
2025-11-17	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.1973	104.4829	3.9334	100.5495	2.0235	0.20	0.08	0.0021	recommend	104.4964	3.9468	100.0000	AA(2)	CND100018KS0
2025-11-17	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	6.1534	117.1860	1.5722	115.6138	1.8250	5.38	34.06	0.0630	recommend	117.1983	1.5845	100.0000		CND0000002K8
2025-11-17	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.3589	103.5662	2.6798	100.8865	1.6264	0.36	0.26	0.0038	recommend	103.5777	2.6912	100.0000	AAA	CND000000KN0
2025-11-17	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.7205	106.7349	1.3917	105.3432	1.7932	1.64	4.36	0.0176	recommend	106.7486	1.4053	100.0000	AAA-
2025-11-17	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.5151	109.1768	1.3948	107.7820	1.6365	5.89	39.84	0.0643	recommend	109.1847	1.4027	100.0000		CND0000002T9
2025-11-17	24工商银行CD152	112402152	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0493	99.9263	1.5892	98.3372	1.4946	0.05	0.00	0.0005	recommend	99.9309	1.5937	100.0000	AAA	CND10008TFF0
2025-11-17	24新余城建CP001	042400087	Short-term commercial paper (CP)	China Inter-Bank Market	0.0904	101.9304	1.9010	100.0293	1.6334	0.10	0.02	0.0010	recommend	101.9361	1.9068	100.0000	AA(2)	CND10008R6F5
2025-11-17	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.7397	110.9280	1.6605	109.2674	2.8116	2.50	8.93	0.0278	recommend	110.9455	1.6780	100.0000	AA-	CND100011881
2025-11-17	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.2411	107.5784	2.2539	105.3244	1.6584	3.91	19.82	0.0420	recommend	107.5865	2.2621	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
2025-11-17	10914000146	3.9151	113.6943	0.8225	112.8718	2.8557	Recommend
2025-11-17	10914000188	0.6658	37.7300	3.5396	34.1904	3.0881	Recommend
2025-11-17	10914000199		103.0757	1.7630	101.3127	2.7495	Recommend
2025-11-17	10914010188	0.6712	37.7490	3.5525	34.1965	3.0881	Recommend
2025-11-17	10914020188	0.6712	37.7490	3.5525	34.1965	3.0881	Recommend
2025-11-17	10914030188	0.6712	37.7490	3.5525	34.1965	3.0881	Recommend
2025-11-17	10914040188	0.6712	37.7490	3.5525	34.1965	3.0881	Recommend
2025-11-17	10914050188	0.6712	37.7490	3.5525	34.1965	3.0881	Recommend
2025-11-17	10914060188	0.6712	37.7490	3.5525	34.1965	3.0881	Recommend
2025-11-17	10915000009	0.1041	101.0207	0.7679	100.2528	2.9318	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
2025-11-17	10914000146	3.9151	113.6943	0.8225	112.8718	2.8557	113.7118	0.8400	Recommend
2025-11-17	10914000188	0.6658	37.7300	3.5396	34.1904	3.0881	37.7364	3.5461	Recommend
2025-11-17	10914000199		103.0757	1.7630	101.3127	2.7495	103.0886	1.7759	Recommend
2025-11-17	10914010188	0.6712	37.7490	3.5525	34.1965	3.0881	37.7555	3.5590	Recommend
2025-11-17	10914020188	0.6712	37.7490	3.5525	34.1965	3.0881	37.7555	3.5590	Recommend
2025-11-17	10914030188	0.6712	37.7490	3.5525	34.1965	3.0881	37.7555	3.5590	Recommend
2025-11-17	10914040188	0.6712	37.7490	3.5525	34.1965	3.0881	37.7555	3.5590	Recommend
2025-11-17	10914050188	0.6712	37.7490	3.5525	34.1965	3.0881	37.7555	3.5590	Recommend
2025-11-17	10914060188	0.6712	37.7490	3.5525	34.1965	3.0881	37.7555	3.5590	Recommend
2025-11-17	10915000009	0.1041	101.0207	0.7679	100.2528	2.9318	101.0355	0.7827	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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