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
2025-06-12	03三峡债	038006	China Inter-Bank Market	8.1370	125.1763	4.1942	120.9821	2.0351	AAA
2025-06-12	01国开21	010221	China Inter-Bank Market	6.5863	119.1406	1.8854	117.2551	1.7347
2025-06-12	06冀建投债	068012	Commercial Bank Counter Market	0.7918	102.7862	0.8704	101.9159	1.7008	AAA
2025-06-12	24辽成大CP002	042400072	China Inter-Bank Market	0.0630	102.4235	2.4362	99.9874	2.5157	AA
2025-06-12	17招路02	112563	Shenzhen Stock Exchange	2.1534	110.8477	4.2159	106.6317	1.8094	AAA-
2025-06-12	02国债05	020005	China Inter-Bank Market	6.9479	108.4954	0.1497	108.3457	1.6249
2025-06-12	24工商银行CD063	112402063	China Inter-Bank Market	0.0575	99.9086	1.7754	98.1332	1.5899	AAA
2025-06-12	13青国投MTN001	101354012	China Inter-Bank Market	3.1726	114.0980	5.2788	108.8192	3.3957	AA-
2025-06-12	15东方财信PPN001	031564087	China Inter-Bank Market	0.0767	21.2639	1.2003	20.0636	2.2121	AA(2)
2025-06-12	23浙江01	101900	Commercial Bank Counter Market	4.6740	106.8745	0.9683	105.9062	1.6456	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
2025-06-12	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	8.1370	125.1763	4.1942	120.9821	2.0351	6.67	56.67	0.0835	recommend	125.1896	4.2076	100.0000	AAA	CND0000004T5
2025-06-12	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.5863	119.1406	1.8854	117.2551	1.7347	5.70	38.36	0.0679	recommend	119.1530	1.8979	100.0000		CND0000002K8
2025-06-12	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.7918	102.7862	0.8704	101.9159	1.7008	0.79	1.24	0.0081	recommend	102.7977	0.8818	100.0000	AAA	CND000000KN0
2025-06-12	24辽成大CP002	042400072	Short-term commercial paper (CP)	China Inter-Bank Market	0.0630	102.4235	2.4362	99.9874	2.5157	0.07	0.01	0.0007	recommend	102.4306	2.4433	100.0000	AA	CND100084PS1
2025-06-12	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.1534	110.8477	4.2159	106.6317	1.8094	1.98	6.08	0.0220	recommend	110.8613	4.2296	100.0000	AAA-
2025-06-12	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.9479	108.4954	0.1497	108.3457	1.6249	6.31	45.25	0.0685	recommend	108.5033	0.1576	100.0000		CND0000002T9
2025-06-12	24工商银行CD063	112402063	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0575	99.9086	1.7754	98.1332	1.5899	0.06	0.01	0.0006	recommend	99.9138	1.7806	100.0000	AAA	CND100084Y84
2025-06-12	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.1726	114.0980	5.2788	108.8192	3.3957	2.75	10.86	0.0314	recommend	114.1155	5.2963	100.0000	AA-	CND100011881
2025-06-12	15东方财信PPN001	031564087	Private placement instruments (PPN)	China Inter-Bank Market	0.0767	21.2639	1.2003	20.0636	2.2121	0.08	0.01	0.0002	recommend	21.2675	1.2038	40.0000	AA(2)	CND100018FQ4
2025-06-12	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.6740	106.8745	0.9683	105.9062	1.6456	4.33	23.75	0.0463	recommend	106.8826	0.9764	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
2025-06-12	10914000146	4.3479	115.0503	1.2600	113.7903	2.9493	Recommend
2025-06-12	10914000188	1.0986	70.4501	2.2910	68.1591	3.1071	Recommend
2025-06-12	10914000199		141.9265	6.8800	135.0465	2.8556	Recommend
2025-06-12	10914010188	1.0986	70.4864	2.2910	68.1953	3.1071	Recommend
2025-06-12	10914020188	1.1562	70.6288	2.2910	68.3377	3.1092	Recommend
2025-06-12	10914030188	1.1671	70.6558	2.2910	68.3647	3.1097	Recommend
2025-06-12	10914040188	1.5123	71.4816	2.2910	69.1905	3.1263	Recommend
2025-06-12	10914050188	1.5507	71.5774	2.2910	69.2863	3.1281	Recommend
2025-06-12	10914060188	2.7747	109.9166	3.4364	106.4802	3.1694	Recommend
2025-06-12	10915000007	0.3370	102.3681	1.3833	100.9848	3.1274	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
2025-06-12	10914000146	4.3479	115.0503	1.2600	113.7903	2.9493	115.0678	1.2775	Recommend
2025-06-12	10914000188	1.0986	70.4501	2.2910	68.1591	3.1071	70.4630	2.3039	Recommend
2025-06-12	10914000199		141.9265	6.8800	135.0465	2.8556	141.9465	6.9000	Recommend
2025-06-12	10914010188	1.0986	70.4864	2.2910	68.1953	3.1071	70.4992	2.3039	Recommend
2025-06-12	10914020188	1.1562	70.6288	2.2910	68.3377	3.1092	70.6417	2.3039	Recommend
2025-06-12	10914030188	1.1671	70.6558	2.2910	68.3647	3.1097	70.6686	2.3039	Recommend
2025-06-12	10914040188	1.5123	71.4816	2.2910	69.1905	3.1263	71.4944	2.3039	Recommend
2025-06-12	10914050188	1.5507	71.5774	2.2910	69.2863	3.1281	71.5902	2.3039	Recommend
2025-06-12	10914060188	2.7747	109.9166	3.4364	106.4802	3.1694	109.9359	3.4557	Recommend
2025-06-12	10915000007	0.3370	102.3681	1.3833	100.9848	3.1274	102.3848	1.4000	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.

Legislation

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