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
2025-08-25	03三峡债	038006	China Inter-Bank Market	7.9342	119.9813	0.3196	119.6618	2.1389	AAA
2025-08-25	01国开21	010221	China Inter-Bank Market	6.3836	116.4748	0.5404	115.9344	1.8596
2025-08-25	16东方财信PPN001	031664011	China Inter-Bank Market	0.4274	103.9645	2.8058	101.1588	2.1053	AA(2)
2025-08-25	06冀建投债	068012	Shanghai Stock Exchange	0.5890	103.1591	1.7178	101.4413	1.6645	AAA
2025-08-25	24冀中能源CP001(科创票据)	042400073	China Inter-Bank Market	0.0110	102.3509	2.3440	100.0069	1.7000	AA
2025-08-25	17招路02	112563	Shenzhen Stock Exchange	1.9507	106.2084	0.2456	105.9628	1.8389	AAA-
2025-08-25	02国债05	020005	China Inter-Bank Market	6.7452	108.1702	0.7329	107.4373	1.7273
2025-08-25	24工商银行CD098	112402098	China Inter-Bank Market	0.0027	99.9961	1.9170	98.0791	1.4253	AAA
2025-08-25	13青国投MTN001	101354012	China Inter-Bank Market	2.9699	109.0399	0.1923	108.8477	3.2081	AA-
2025-08-25	23浙江01	101900	China Inter-Bank Market	4.4712	106.8233	1.5704	105.2529	1.7373	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
2025-08-25	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.9342	119.9813	0.3196	119.6618	2.1389	6.72	55.88	0.0807	recommend	119.9946	0.3329	100.0000	AAA	CND0000004T5
2025-08-25	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3836	116.4748	0.5404	115.9344	1.8596	5.60	36.64	0.0652	recommend	116.4871	0.5527	100.0000		CND0000002K8
2025-08-25	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.4274	103.9645	2.8058	101.1588	2.1053	0.42	0.36	0.0044	recommend	103.9780	2.8192	100.0000	AA(2)	CND100018KS0
2025-08-25	06冀建投债	068012	Local enterprise bond	Shanghai Stock Exchange	0.5890	103.1591	1.7178	101.4413	1.6645	0.59	0.69	0.0061	recommend	103.1706	1.7293	100.0000	AAA	CND000000KN0
2025-08-25	24冀中能源CP001(科创票据)	042400073	Short-term commercial paper (CP)	China Inter-Bank Market	0.0110	102.3509	2.3440	100.0069	1.7000	0.01	0.00	0.0001	recommend	102.3574	2.3505	100.0000	AA	CND10008CMD7
2025-08-25	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.9507	106.2084	0.2456	105.9628	1.8389	1.87	5.38	0.0199	recommend	106.2220	0.2592	100.0000	AAA-
2025-08-25	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.7452	108.1702	0.7329	107.4373	1.7273	6.11	42.61	0.0661	recommend	108.1781	0.7408	100.0000		CND0000002T9
2025-08-25	24工商银行CD098	112402098	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9961	1.9170	98.0791	1.4253	0.00	0.00	0.0000	recommend	100.0014	1.9223	100.0000	AAA	CND10008BYX2
2025-08-25	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9699	109.0399	0.1923	108.8477	3.2081	2.71	10.24	0.0296	recommend	109.0574	0.2098	100.0000	AA-	CND100011881
2025-08-25	23浙江01	101900	Local government bond	China Inter-Bank Market	4.4712	106.8233	1.5704	105.2529	1.7373	4.13	21.82	0.0441	recommend	106.8314	1.5786	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
2025-08-25	10914000146	4.1452	113.6231	0.9625	112.6606	3.0737	Recommend
2025-08-25	10914000188	0.8959	37.5027	2.9990	34.5038	2.9609	Recommend
2025-08-25	10914000199		101.3831	0.6820	100.7011	2.8932	Recommend
2025-08-25	10914010188	0.9014	37.5216	3.0119	34.5098	2.9609	Recommend
2025-08-25	10914020188	0.9014	37.5216	3.0119	34.5098	2.9609	Recommend
2025-08-25	10914030188	0.9014	37.5216	3.0119	34.5098	2.9609	Recommend
2025-08-25	10914040188	0.9014	37.5216	3.0119	34.5098	2.9609	Recommend
2025-08-25	10914050188	0.9014	37.5216	3.0119	34.5098	2.9609	Recommend
2025-08-25	10914060188	0.9014	37.5216	3.0119	34.5098	2.9609	Recommend
2025-08-25	10915000007	0.1342	101.5111	1.0833	100.4278	2.8680	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
2025-08-25	10914000146	4.1452	113.6231	0.9625	112.6606	3.0737	113.6406	0.9800	Recommend
2025-08-25	10914000188	0.8959	37.5027	2.9990	34.5038	2.9609	37.5092	3.0054	Recommend
2025-08-25	10914000199		101.3831	0.6820	100.7011	2.8932	101.3960	0.6949	Recommend
2025-08-25	10914010188	0.9014	37.5216	3.0119	34.5098	2.9609	37.5281	3.0183	Recommend
2025-08-25	10914020188	0.9014	37.5216	3.0119	34.5098	2.9609	37.5281	3.0183	Recommend
2025-08-25	10914030188	0.9014	37.5216	3.0119	34.5098	2.9609	37.5281	3.0183	Recommend
2025-08-25	10914040188	0.9014	37.5216	3.0119	34.5098	2.9609	37.5281	3.0183	Recommend
2025-08-25	10914050188	0.9014	37.5216	3.0119	34.5098	2.9609	37.5281	3.0183	Recommend
2025-08-25	10914060188	0.9014	37.5216	3.0119	34.5098	2.9609	37.5281	3.0183	Recommend
2025-08-25	10915000007	0.1342	101.5111	1.0833	100.4278	2.8680	101.5278	1.1000	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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