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
2026-05-22	25工商银行CD183	112502183	China Inter-Bank Market	0.0027	99.9895	1.6469	98.3426	1.2750	AAA
2026-05-22	03三峡债	038006	China Inter-Bank Market	7.1945	122.9047	3.9146	118.9901	1.9988	AAA
2026-05-22	01国开21	010221	China Inter-Bank Market	5.6438	117.1718	1.6232	115.5486	1.6239
2026-05-22	17招路02	112563	Shenzhen Stock Exchange	1.2110	108.0248	3.9294	104.0954	1.5353	AAA-
2026-05-22	02国债05	020005	China Inter-Bank Market	6.0055	109.5794	1.4340	108.1454	1.4776
2026-05-22	07豫投债2	078012	China Inter-Bank Market	0.9863	103.0892	0.0633	103.0259	1.5055	AAA
2026-05-22	25鲁宏桥CP006(科创债)	042500099	China Inter-Bank Market	0.0027	102.0878	2.0942	99.9936	1.4486	AA
2026-05-22	13青国投MTN001	101354012	China Inter-Bank Market	2.2301	113.8434	4.9117	108.9317	2.2247	AA-
2026-05-22	23浙江01	101900	Shenzhen Stock Exchange	3.7315	106.4226	0.7974	105.6252	1.4107	AAA+
2026-05-22	16沂南城建PPN001	031695001	China Inter-Bank Market	0.5890	25.6794	0.3853	25.2941	1.7065	AA

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	YTM on Weighted Average Full Price of Settlement (%)	Recommendation	Full Price (End Day)(Yuan)	Accrued Interest (End Day) (Yuan)	Residual Principal(Yuan)	ChinaBond Market Implied Rating	ISIN
2026-05-22	25工商银行CD183	112502183	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9895	1.6469	98.3426	1.2750	0.01	0.00	0.0001		recommend	99.9940	1.6514	98.3486	AAA	CND10009C2M6
2026-05-22	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.1945	122.9047	3.9146	118.9901	1.9988	6.01	46.14	0.0739		recommend	122.9180	3.9279	100.0000	AAA	CND0000004T5
2026-05-22	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	5.6438	117.1718	1.6232	115.5486	1.6239	4.98	29.27	0.0584		recommend	117.1843	1.6357	100.0000		CND0000002K8
2026-05-22	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.2110	108.0248	3.9294	104.0954	1.5353	1.15	2.49	0.0124		recommend	108.0384	3.9431	100.0000	AAA-
2026-05-22	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.0055	109.5794	1.4340	108.1454	1.4776	5.46	34.38	0.0599	0.0147	recommend	109.5874	1.4420	100.0000		CND0000002T9
2026-05-22	07豫投债2	078012	Local enterprise bond	China Inter-Bank Market	0.9863	103.0892	0.0633	103.0259	1.5055	0.97	1.89	0.0100		recommend	103.1019	0.0759	100.0000	AAA	CND100000JJ9
2026-05-22	25鲁宏桥CP006(科创债)	042500099	Short-term commercial paper (CP)	China Inter-Bank Market	0.0027	102.0878	2.0942	99.9936	1.4486	0.01	0.00	0.0001		recommend	102.0936	2.1000	100.0000	AA	CND10009B8W3
2026-05-22	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.2301	113.8434	4.9117	108.9317	2.2247	2.02	6.29	0.0230		recommend	113.8609	4.9292	100.0000	AA-	CND100011881
2026-05-22	23浙江01	101900	Local government bond	Shenzhen Stock Exchange	3.7315	106.4226	0.7974	105.6252	1.4107	3.52	16.19	0.0374		recommend	106.4308	0.8056	100.0000	AAA+	CND100063JB4
2026-05-22	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.5890	25.6794	0.3853	25.2941	1.7065	0.58	0.68	0.0015		recommend	25.6819	0.3878	25.0000	AA	CND100013TG7

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
2026-05-22	10914000146	3.4055	112.6904	0.8925	111.7979	2.7072	Recommend
2026-05-22	10914000188	0.1562	34.5721	1.0105	33.5616	2.6782	Recommend
2026-05-22	10914000199		105.9306	4.1566	101.7740	2.5412	Recommend
2026-05-22	10914010188	0.1616	34.5849	1.0170	33.5680	2.6782	Recommend
2026-05-22	10914020188	0.1616	34.5849	1.0170	33.5680	2.6782	Recommend
2026-05-22	10914030188	0.1616	34.5849	1.0170	33.5680	2.6782	Recommend
2026-05-22	10914040188	0.1616	34.5849	1.0170	33.5680	2.6782	Recommend
2026-05-22	10914050188	0.1616	34.5849	1.0170	33.5680	2.6782	Recommend
2026-05-22	10914060188	0.1616	34.5849	1.0170	33.5680	2.6782	Recommend
2026-05-22	10915000010	4.5945	112.6452	0.8558	111.7894	2.7684	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
2026-05-22	10914000146	3.4055	112.6904	0.8925	111.7979	2.7072	112.7079	0.9100	Recommend
2026-05-22	10914000188	0.1562	34.5721	1.0105	33.5616	2.6782	34.5785	1.0170	Recommend
2026-05-22	10914000199		105.9306	4.1566	101.7740	2.5412	105.9435	4.1695	Recommend
2026-05-22	10914010188	0.1616	34.5849	1.0170	33.5680	2.6782	34.5914	1.0234	Recommend
2026-05-22	10914020188	0.1616	34.5849	1.0170	33.5680	2.6782	34.5914	1.0234	Recommend
2026-05-22	10914030188	0.1616	34.5849	1.0170	33.5680	2.6782	34.5914	1.0234	Recommend
2026-05-22	10914040188	0.1616	34.5849	1.0170	33.5680	2.6782	34.5914	1.0234	Recommend
2026-05-22	10914050188	0.1616	34.5849	1.0170	33.5680	2.6782	34.5914	1.0234	Recommend
2026-05-22	10914060188	0.1616	34.5849	1.0170	33.5680	2.6782	34.5914	1.0234	Recommend
2026-05-22	10915000010	4.5945	112.6452	0.8558	111.7894	2.7684	112.6602	0.8708	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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