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
2025-09-15	03三峡债	038006	China Inter-Bank Market	7.8767	119.2980	0.5992	118.6988	2.2429	AAA
2025-09-15	01国开21	010221	China Inter-Bank Market	6.3260	116.3495	0.7984	115.5512	1.8981
2025-09-15	16东方财信PPN001	031664011	China Inter-Bank Market	0.3699	104.0697	3.0877	100.9820	2.1571	AA(2)
2025-09-15	06冀建投债	068012	China Inter-Bank Market	0.5315	103.2598	1.9583	101.3015	1.6596	AAA
2025-09-15	17招路02	112563	Shenzhen Stock Exchange	1.8932	106.2780	0.5321	105.7459	1.8606	AAA-
2025-09-15	02国债05	020005	China Inter-Bank Market	6.6877	108.2621	0.8984	107.3637	1.7295
2025-09-15	24大足永晟CP005	042400078	China Inter-Bank Market	0.0082	102.4844	2.4795	100.0050	1.8463	AA-
2025-09-15	13青国投MTN001	101354012	China Inter-Bank Market	2.9123	110.0238	0.5593	109.4645	2.9390	AA-
2025-09-15	23浙江01	101900	Shanghai Stock Exchange	4.4137	106.8785	1.7413	105.1372	1.7490	AAA+
2025-09-15	24工商银行CD121	112402121	China Inter-Bank Market	0.0082	99.9884	1.8779	98.1104	1.4150	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
2025-09-15	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.8767	119.2980	0.5992	118.6988	2.2429	6.66	54.91	0.0794	recommend	119.3113	0.6125	100.0000	AAA	CND0000004T5
2025-09-15	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.3260	116.3495	0.7984	115.5512	1.8981	5.54	35.96	0.0645	recommend	116.3618	0.8107	100.0000		CND0000002K8
2025-09-15	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.3699	104.0697	3.0877	100.9820	2.1571	0.37	0.27	0.0038	recommend	104.0831	3.1011	100.0000	AA(2)	CND100018KS0
2025-09-15	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.5315	103.2598	1.9583	101.3015	1.6596	0.53	0.57	0.0055	recommend	103.2712	1.9698	100.0000	AAA	CND000000KN0
2025-09-15	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.8932	106.2780	0.5321	105.7459	1.8606	1.81	5.11	0.0193	recommend	106.2916	0.5458	100.0000	AAA-
2025-09-15	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.6877	108.2621	0.8984	107.3637	1.7295	6.05	41.89	0.0655	recommend	108.2699	0.9063	100.0000		CND0000002T9
2025-09-15	24大足永晟CP005	042400078	Short-term commercial paper (CP)	China Inter-Bank Market	0.0082	102.4844	2.4795	100.0050	1.8463	0.01	0.00	0.0001	recommend	102.4913	2.4863	100.0000	AA-	CND10008F821
2025-09-15	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.9123	110.0238	0.5593	109.4645	2.9390	2.67	9.94	0.0293	recommend	110.0413	0.5768	100.0000	AA-	CND100011881
2025-09-15	23浙江01	101900	Local government bond	Shanghai Stock Exchange	4.4137	106.8785	1.7413	105.1372	1.7490	4.07	21.30	0.0435	recommend	106.8866	1.7495	100.0000	AAA+	CND100063JB4
2025-09-15	24工商银行CD121	112402121	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0082	99.9884	1.8779	98.1104	1.4150	0.01	0.00	0.0001	recommend	99.9936	1.8831	100.0000	AAA	CND10008FVH2

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
2025-09-15	10914000146	4.0877	113.8992	1.3300	112.5692	3.0562	Recommend
2025-09-15	10914000188	0.8384	37.5594	3.1341	34.4252	2.9858	Recommend
2025-09-15	10914000199		101.1253	0.9523	100.1730	2.9521	Recommend
2025-09-15	10914010188	0.8438	37.5783	3.1470	34.4313	2.9858	Recommend
2025-09-15	10914020188	0.8438	37.5783	3.1470	34.4313	2.9858	Recommend
2025-09-15	10914030188	0.8438	37.5783	3.1470	34.4313	2.9858	Recommend
2025-09-15	10914040188	0.8438	37.5783	3.1470	34.4313	2.9858	Recommend
2025-09-15	10914050188	0.8438	37.5783	3.1470	34.4313	2.9858	Recommend
2025-09-15	10914060188	0.8438	37.5783	3.1470	34.4313	2.9858	Recommend
2025-09-15	10915000007	0.0767	101.6742	1.4333	100.2408	2.9271	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
2025-09-15	10914000146	4.0877	113.8992	1.3300	112.5692	3.0562	113.9167	1.3475	Recommend
2025-09-15	10914000188	0.8384	37.5594	3.1341	34.4252	2.9858	37.5658	3.1406	Recommend
2025-09-15	10914000199		101.1253	0.9523	100.1730	2.9521	101.1382	0.9652	Recommend
2025-09-15	10914010188	0.8438	37.5783	3.1470	34.4313	2.9858	37.5848	3.1535	Recommend
2025-09-15	10914020188	0.8438	37.5783	3.1470	34.4313	2.9858	37.5848	3.1535	Recommend
2025-09-15	10914030188	0.8438	37.5783	3.1470	34.4313	2.9858	37.5848	3.1535	Recommend
2025-09-15	10914040188	0.8438	37.5783	3.1470	34.4313	2.9858	37.5848	3.1535	Recommend
2025-09-15	10914050188	0.8438	37.5783	3.1470	34.4313	2.9858	37.5848	3.1535	Recommend
2025-09-15	10914060188	0.8438	37.5783	3.1470	34.4313	2.9858	37.5848	3.1535	Recommend
2025-09-15	10915000007	0.0767	101.6742	1.4333	100.2408	2.9271	101.6908	1.4500	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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