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
2025-10-17	03三峡债	038006	China Inter-Bank Market	7.7890	118.7811	1.0253	117.7558	2.3387	AAA
2025-10-17	24工商银行CD128	112402128	China Inter-Bank Market	0.0110	99.9845	1.8822	98.1023	1.4150	AAA
2025-10-17	01国开21	010221	Commercial Bank Counter Market	6.2384	116.5472	1.1914	115.3558	1.8971
2025-10-17	16东方财信PPN001	031664011	China Inter-Bank Market	0.2822	104.2724	3.5173	100.7552	2.1328	AA(2)
2025-10-17	06冀建投债	068012	China Inter-Bank Market	0.4438	103.4258	2.3248	101.1011	1.6229	AAA
2025-10-17	24胶州城投CP001	042400083	China Inter-Bank Market	0.0411	102.3277	2.3110	100.0167	1.7267	AA(2)
2025-10-17	17招路02	112563	Shenzhen Stock Exchange	1.8055	106.5222	0.9687	105.5535	1.8213	AAA-
2025-10-17	02国债05	020005	China Inter-Bank Market	6.6000	108.8449	1.1505	107.6944	1.6646
2025-10-17	13青国投MTN001	101354012	China Inter-Bank Market	2.8247	110.2894	1.1187	109.1708	2.9439	AA-
2025-10-17	23浙江01	101900	Commercial Bank Counter Market	4.3260	107.0895	2.0017	105.0878	1.7376	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
2025-10-17	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.7890	118.7811	1.0253	117.7558	2.3387	6.56	53.55	0.0779	recommend	118.7944	1.0386	100.0000	AAA	CND0000004T5
2025-10-17	24工商银行CD128	112402128	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0110	99.9845	1.8822	98.1023	1.4150	0.01	0.00	0.0001	recommend	99.9897	1.8875	100.0000	AAA	CND10008K7D5
2025-10-17	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	6.2384	116.5472	1.1914	115.3558	1.8971	5.46	34.97	0.0636	recommend	116.5595	1.2037	100.0000		CND0000002K8
2025-10-17	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.2822	104.2724	3.5173	100.7552	2.1328	0.28	0.16	0.0029	recommend	104.2858	3.5307	100.0000	AA(2)	CND100018KS0
2025-10-17	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.4438	103.4258	2.3248	101.1011	1.6229	0.45	0.40	0.0046	recommend	103.4373	2.3362	100.0000	AAA	CND000000KN0
2025-10-17	24胶州城投CP001	042400083	Short-term commercial paper (CP)	China Inter-Bank Market	0.0411	102.3277	2.3110	100.0167	1.7267	0.05	0.00	0.0005	recommend	102.3343	2.3176	100.0000	AA(2)	CND10008L3N2
2025-10-17	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.8055	106.5222	0.9687	105.5535	1.8213	1.73	4.73	0.0184	recommend	106.5358	0.9824	100.0000	AAA-
2025-10-17	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.6000	108.8449	1.1505	107.6944	1.6646	5.97	40.85	0.0650	recommend	108.8528	1.1584	100.0000		CND0000002T9
2025-10-17	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.8247	110.2894	1.1187	109.1708	2.9439	2.58	9.41	0.0285	recommend	110.3069	1.1362	100.0000	AA-	CND100011881
2025-10-17	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.3260	107.0895	2.0017	105.0878	1.7376	3.99	20.52	0.0427	recommend	107.0976	2.0098	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
2025-10-17	10914000146	4.0000	112.7153	0.2800	112.4353	3.0271	Recommend
2025-10-17	10914000188	0.7507	37.6547	3.3401	34.3146	2.9975	Recommend
2025-10-17	10914000199		100.5753	1.3641	99.2112	3.0663	Recommend
2025-10-17	10914010188	0.7562	37.6737	3.3530	34.3207	2.9975	Recommend
2025-10-17	10914020188	0.7562	37.6737	3.3530	34.3207	2.9975	Recommend
2025-10-17	10914030188	0.7562	37.6737	3.3530	34.3207	2.9975	Recommend
2025-10-17	10914040188	0.7562	37.6737	3.3530	34.3207	2.9975	Recommend
2025-10-17	10914050188	0.7562	37.6737	3.3530	34.3207	2.9975	Recommend
2025-10-17	10914060188	0.7562	37.6737	3.3530	34.3207	2.9975	Recommend
2025-10-17	10915000009	0.1890	100.7786	0.3101	100.4685	2.8894	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
2025-10-17	10914000146	4.0000	112.7153	0.2800	112.4353	3.0271	112.7328	0.2975	Recommend
2025-10-17	10914000188	0.7507	37.6547	3.3401	34.3146	2.9975	37.6612	3.3466	Recommend
2025-10-17	10914000199		100.5753	1.3641	99.2112	3.0663	100.5882	1.3770	Recommend
2025-10-17	10914010188	0.7562	37.6737	3.3530	34.3207	2.9975	37.6802	3.3594	Recommend
2025-10-17	10914020188	0.7562	37.6737	3.3530	34.3207	2.9975	37.6802	3.3594	Recommend
2025-10-17	10914030188	0.7562	37.6737	3.3530	34.3207	2.9975	37.6802	3.3594	Recommend
2025-10-17	10914040188	0.7562	37.6737	3.3530	34.3207	2.9975	37.6802	3.3594	Recommend
2025-10-17	10914050188	0.7562	37.6737	3.3530	34.3207	2.9975	37.6802	3.3594	Recommend
2025-10-17	10914060188	0.7562	37.6737	3.3530	34.3207	2.9975	37.6802	3.3594	Recommend
2025-10-17	10915000009	0.1890	100.7786	0.3101	100.4685	2.8894	100.7933	0.3249	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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