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
2025-12-17	03三峡债	038006	China Inter-Bank Market	7.6219	119.5611	1.8375	117.7236	2.2968	AAA
2025-12-17	16东方财信PPN001	031664011	China Inter-Bank Market	0.1151	104.6445	4.3362	100.3084	2.1217	AA(2)
2025-12-17	01国开21	010221	Commercial Bank Counter Market	6.0712	117.2000	1.9407	115.2594	1.8507
2025-12-17	06冀建投债	068012	Commercial Bank Counter Market	0.2767	103.6921	3.0233	100.6687	1.6675	AAA
2025-12-17	17招路02	112563	Shenzhen Stock Exchange	1.6384	106.8237	1.8010	105.0227	1.8335	AAA-
2025-12-17	24工商银行CD163	112402163	China Inter-Bank Market	0.0027	99.9961	1.6092	98.3869	1.4350	AAA
2025-12-17	02国债05	020005	Commercial Bank Counter Market	6.4329	107.6203	0.1843	107.4360	1.6763
2025-12-17	24新余城建CP001	042400087	China Inter-Bank Market	0.0082	102.0668	2.0728	99.9939	1.6622	AA(2)
2025-12-17	13青国投MTN001	101354012	China Inter-Bank Market	2.6575	111.1291	2.1849	108.9442	2.8309	AA-
2025-12-17	23浙江01	101900	China Inter-Bank Market	4.1589	107.6348	2.4981	105.1368	1.6800	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
2025-12-17	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.6219	119.5611	1.8375	117.7236	2.2968	6.40	51.34	0.0765	recommend	119.5744	1.8508	100.0000	AAA	CND0000004T5
2025-12-17	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.1151	104.6445	4.3362	100.3084	2.1217	0.11	0.03	0.0012	recommend	104.6580	4.3496	100.0000	AA(2)	CND100018KS0
2025-12-17	01国开21	010221	Senior bond of policy bank	Commercial Bank Counter Market	6.0712	117.2000	1.9407	115.2594	1.8507	5.30	33.14	0.0621	recommend	117.2123	1.9529	100.0000		CND0000002K8
2025-12-17	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.2767	103.6921	3.0233	100.6687	1.6675	0.28	0.16	0.0029	recommend	103.7035	3.0348	100.0000	AAA	CND000000KN0
2025-12-17	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.6384	106.8237	1.8010	105.0227	1.8335	1.56	4.02	0.0167	recommend	106.8373	1.8146	100.0000	AAA-
2025-12-17	24工商银行CD163	112402163	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9961	1.6092	98.3869	1.4350	0.00	0.00	0.0000	recommend	100.0005	1.6136	98.3864	AAA	CND10008TFT1
2025-12-17	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.4329	107.6203	0.1843	107.4360	1.6763	5.88	39.34	0.0633	recommend	107.6283	0.1923	100.0000		CND0000002T9
2025-12-17	24新余城建CP001	042400087	Short-term commercial paper (CP)	China Inter-Bank Market	0.0082	102.0668	2.0728	99.9939	1.6622	0.01	0.00	0.0001	recommend	102.0725	2.0785	100.0000	AA(2)	CND10008R6F5
2025-12-17	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.6575	111.1291	2.1849	108.9442	2.8309	2.42	8.46	0.0269	recommend	111.1466	2.2024	100.0000	AA-	CND100011881
2025-12-17	23浙江01	101900	Local government bond	China Inter-Bank Market	4.1589	107.6348	2.4981	105.1368	1.6800	3.82	19.10	0.0412	recommend	107.6430	2.5062	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
2025-12-17	10914000146	3.8329	114.2129	1.3475	112.8654	2.7924	Recommend
2025-12-17	10914000188	0.5836	34.1187	0.0064	34.1122	2.9700	Recommend
2025-12-17	10914000199		103.1065	2.1491	100.9574	2.7776	Recommend
2025-12-17	10914010188	0.5890	34.1313	0.0129	34.1184	2.9700	Recommend
2025-12-17	10914020188	0.5890	34.1313	0.0129	34.1184	2.9700	Recommend
2025-12-17	10914030188	0.5890	34.1313	0.0129	34.1184	2.9700	Recommend
2025-12-17	10914040188	0.5890	34.1313	0.0129	34.1184	2.9700	Recommend
2025-12-17	10914050188	0.5890	34.1313	0.0129	34.1184	2.9700	Recommend
2025-12-17	10914060188	0.5890	34.1313	0.0129	34.1184	2.9700	Recommend
2025-12-17	10915000009	0.0219	101.2667	1.2109	100.0558	2.8074	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
2025-12-17	10914000146	3.8329	114.2129	1.3475	112.8654	2.7924	114.2304	1.3650	Recommend
2025-12-17	10914000188	0.5836	34.1187	0.0064	34.1122	2.9700	34.1251	0.0129	Recommend
2025-12-17	10914000199		103.1065	2.1491	100.9574	2.7776	103.1193	2.1620	Recommend
2025-12-17	10914010188	0.5890	34.1313	0.0129	34.1184	2.9700	34.1377	0.0193	Recommend
2025-12-17	10914020188	0.5890	34.1313	0.0129	34.1184	2.9700	34.1377	0.0193	Recommend
2025-12-17	10914030188	0.5890	34.1313	0.0129	34.1184	2.9700	34.1377	0.0193	Recommend
2025-12-17	10914040188	0.5890	34.1313	0.0129	34.1184	2.9700	34.1377	0.0193	Recommend
2025-12-17	10914050188	0.5890	34.1313	0.0129	34.1184	2.9700	34.1377	0.0193	Recommend
2025-12-17	10914060188	0.5890	34.1313	0.0129	34.1184	2.9700	34.1377	0.0193	Recommend
2025-12-17	10915000009	0.0219	101.2667	1.2109	100.0558	2.8074	101.2815	1.2257	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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