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
2025-08-26	03三峡债	038006	China Inter-Bank Market	7.9315	120.0800	0.3329	119.7471	2.1275	AAA
2025-08-26	01国开21	010221	China Inter-Bank Market	6.3808	116.4944	0.5527	115.9416	1.8575
2025-08-26	16东方财信PPN001	031664011	China Inter-Bank Market	0.4247	103.9661	2.8192	101.1469	2.1153	AA(2)
2025-08-26	06冀建投债	068012	China Inter-Bank Market	0.5863	103.1669	1.7293	101.4376	1.6594	AAA
2025-08-26	24冀中能源CP001(科创票据)	042400073	China Inter-Bank Market	0.0082	102.3554	2.3505	100.0049	1.7300	AA
2025-08-26	17招路02	112563	Shenzhen Stock Exchange	1.9479	106.2255	0.2592	105.9663	1.8330	AAA-
2025-08-26	02国债05	020005	Commercial Bank Counter Market	6.7425	108.2117	0.7408	107.4709	1.7217
2025-08-26	24工商银行CD101	112402101	China Inter-Bank Market	0.0027	99.9961	1.9170	98.0791	1.4165	AAA
2025-08-26	13青国投MTN001	101354012	China Inter-Bank Market	2.9671	109.0641	0.2098	108.8543	3.2031	AA-
2025-08-26	23浙江01	101900	China Inter-Bank Market	4.4685	106.8384	1.5786	105.2599	1.7350	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
2025-08-26	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.9315	120.0800	0.3329	119.7471	2.1275	6.72	55.86	0.0807	recommend	120.0933	0.3462	100.0000	AAA	CND0000004T5
2025-08-26	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3808	116.4944	0.5527	115.9416	1.8575	5.60	36.61	0.0652	recommend	116.5066	0.5650	100.0000		CND0000002K8
2025-08-26	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.4247	103.9661	2.8192	101.1469	2.1153	0.42	0.35	0.0044	recommend	103.9795	2.8326	100.0000	AA(2)	CND100018KS0
2025-08-26	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.5863	103.1669	1.7293	101.4376	1.6594	0.59	0.69	0.0060	recommend	103.1784	1.7407	100.0000	AAA	CND000000KN0
2025-08-26	24冀中能源CP001(科创票据)	042400073	Short-term commercial paper (CP)	China Inter-Bank Market	0.0082	102.3554	2.3505	100.0049	1.7300	0.01	0.00	0.0001	recommend	102.3619	2.3570	100.0000	AA	CND10008CMD7
2025-08-26	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.9479	106.2255	0.2592	105.9663	1.8330	1.87	5.36	0.0198	recommend	106.2391	0.2729	100.0000	AAA-
2025-08-26	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.7425	108.2117	0.7408	107.4709	1.7217	6.11	42.58	0.0661	recommend	108.2195	0.7486	100.0000		CND0000002T9
2025-08-26	24工商银行CD101	112402101	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0027	99.9961	1.9170	98.0791	1.4165	0.00	0.00	0.0000	recommend	100.0014	1.9223	100.0000	AAA	CND10008BYT0
2025-08-26	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9671	109.0641	0.2098	108.8543	3.2031	2.71	10.22	0.0296	recommend	109.0816	0.2272	100.0000	AA-	CND100011881
2025-08-26	23浙江01	101900	Local government bond	China Inter-Bank Market	4.4685	106.8384	1.5786	105.2599	1.7350	4.13	21.80	0.0441	recommend	106.8466	1.5867	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
2025-08-26	10914000146	4.1425	113.6884	0.9800	112.7084	3.0605	Recommend
2025-08-26	10914000188	0.8932	37.5083	3.0054	34.5028	2.9529	Recommend
2025-08-26	10914000199		101.3421	0.6949	100.6472	2.9000	Recommend
2025-08-26	10914010188	0.8986	37.5272	3.0183	34.5089	2.9529	Recommend
2025-08-26	10914020188	0.8986	37.5272	3.0183	34.5089	2.9529	Recommend
2025-08-26	10914030188	0.8986	37.5272	3.0183	34.5089	2.9529	Recommend
2025-08-26	10914040188	0.8986	37.5272	3.0183	34.5089	2.9529	Recommend
2025-08-26	10914050188	0.8986	37.5272	3.0183	34.5089	2.9529	Recommend
2025-08-26	10914060188	0.8986	37.5272	3.0183	34.5089	2.9529	Recommend
2025-08-26	10915000007	0.1315	101.5231	1.1000	100.4231	2.8372	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
2025-08-26	10914000146	4.1425	113.6884	0.9800	112.7084	3.0605	113.7059	0.9975	Recommend
2025-08-26	10914000188	0.8932	37.5083	3.0054	34.5028	2.9529	37.5147	3.0119	Recommend
2025-08-26	10914000199		101.3421	0.6949	100.6472	2.9000	101.3550	0.7078	Recommend
2025-08-26	10914010188	0.8986	37.5272	3.0183	34.5089	2.9529	37.5336	3.0247	Recommend
2025-08-26	10914020188	0.8986	37.5272	3.0183	34.5089	2.9529	37.5336	3.0247	Recommend
2025-08-26	10914030188	0.8986	37.5272	3.0183	34.5089	2.9529	37.5336	3.0247	Recommend
2025-08-26	10914040188	0.8986	37.5272	3.0183	34.5089	2.9529	37.5336	3.0247	Recommend
2025-08-26	10914050188	0.8986	37.5272	3.0183	34.5089	2.9529	37.5336	3.0247	Recommend
2025-08-26	10914060188	0.8986	37.5272	3.0183	34.5089	2.9529	37.5336	3.0247	Recommend
2025-08-26	10915000007	0.1315	101.5231	1.1000	100.4231	2.8372	101.5398	1.1167	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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