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
2025-12-02	03三峡债	038006	China Inter-Bank Market	7.6630	119.9870	1.6378	118.3493	2.2271	AAA
2025-12-02	16东方财信PPN001	031664011	China Inter-Bank Market	0.1562	104.5637	4.1348	100.4289	2.0594	AA(2)
2025-12-02	01国开21	010221	China Inter-Bank Market	6.1123	117.1381	1.7564	115.3817	1.8465
2025-12-02	06冀建投债	068012	Commercial Bank Counter Market	0.3178	103.6286	2.8516	100.7770	1.6459	AAA
2025-12-02	17招路02	112563	Shenzhen Stock Exchange	1.6795	106.7903	1.5963	105.1939	1.8064	AAA-
2025-12-02	24工商银行CD152	112402152	China Inter-Bank Market	0.0082	99.9883	1.6579	98.3304	1.4250	AAA
2025-12-02	02国债05	020005	China Inter-Bank Market	6.4740	107.6644	0.0641	107.6003	1.6577
2025-12-02	24新余城建CP001	042400087	China Inter-Bank Market	0.0493	101.9921	1.9869	100.0052	1.7516	AA(2)
2025-12-02	13青国投MTN001	101354012	China Inter-Bank Market	2.6986	111.0946	1.9227	109.1718	2.7969	AA-
2025-12-02	23浙江01	101900	Commercial Bank Counter Market	4.2000	107.6922	2.3760	105.3162	1.6485	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
2025-12-02	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.6630	119.9870	1.6378	118.3493	2.2271	6.45	51.99	0.0774	recommend	120.0003	1.6511	100.0000	AAA	CND0000004T5
2025-12-02	16东方财信PPN001	031664011	Private placement instruments (PPN)	China Inter-Bank Market	0.1562	104.5637	4.1348	100.4289	2.0594	0.16	0.05	0.0016	recommend	104.5771	4.1482	100.0000	AA(2)	CND100018KS0
2025-12-02	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.1123	117.1381	1.7564	115.3817	1.8465	5.34	33.60	0.0625	recommend	117.1503	1.7687	100.0000		CND0000002K8
2025-12-02	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.3178	103.6286	2.8516	100.7770	1.6459	0.32	0.21	0.0033	recommend	103.6400	2.8630	100.0000	AAA	CND000000KN0
2025-12-02	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.6795	106.7903	1.5963	105.1939	1.8064	1.60	4.19	0.0171	recommend	106.8039	1.6100	100.0000	AAA-
2025-12-02	24工商银行CD152	112402152	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0082	99.9883	1.6579	98.3304	1.4250	0.01	0.00	0.0001	recommend	99.9929	1.6624	100.0000	AAA	CND10008TFF0
2025-12-02	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	6.4740	107.6644	0.0641	107.6003	1.6577	5.92	39.86	0.0638	recommend	107.6724	0.0721	100.0000		CND0000002T9
2025-12-02	24新余城建CP001	042400087	Short-term commercial paper (CP)	China Inter-Bank Market	0.0493	101.9921	1.9869	100.0052	1.7516	0.05	0.01	0.0006	recommend	101.9978	1.9927	100.0000	AA(2)	CND10008R6F5
2025-12-02	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.6986	111.0946	1.9227	109.1718	2.7969	2.46	8.70	0.0274	recommend	111.1120	1.9402	100.0000	AA-	CND100011881
2025-12-02	23浙江01	101900	Local government bond	Commercial Bank Counter Market	4.2000	107.6922	2.3760	105.3162	1.6485	3.87	19.47	0.0416	recommend	107.7003	2.3841	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
2025-12-02	10914000146	3.8740	114.0163	1.0850	112.9313	2.8086	Recommend
2025-12-02	10914000188	0.6247	37.7807	3.6362	34.1445	3.0747	Recommend
2025-12-02	10914000199		103.2628	1.9561	101.3068	2.7394	Recommend
2025-12-02	10914010188	0.6301	37.7997	3.6491	34.1507	3.0747	Recommend
2025-12-02	10914020188	0.6301	37.7997	3.6491	34.1507	3.0747	Recommend
2025-12-02	10914030188	0.6301	37.7997	3.6491	34.1507	3.0747	Recommend
2025-12-02	10914040188	0.6301	37.7997	3.6491	34.1507	3.0747	Recommend
2025-12-02	10914050188	0.6301	37.7997	3.6491	34.1507	3.0747	Recommend
2025-12-02	10914060188	0.6301	37.7997	3.6491	34.1507	3.0747	Recommend
2025-12-02	10915000009	0.0630	101.1417	0.9894	100.1523	2.9401	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
2025-12-02	10914000146	3.8740	114.0163	1.0850	112.9313	2.8086	114.0338	1.1025	Recommend
2025-12-02	10914000188	0.6247	37.7807	3.6362	34.1445	3.0747	37.7871	3.6426	Recommend
2025-12-02	10914000199		103.2628	1.9561	101.3068	2.7394	103.2757	1.9689	Recommend
2025-12-02	10914010188	0.6301	37.7997	3.6491	34.1507	3.0747	37.8062	3.6555	Recommend
2025-12-02	10914020188	0.6301	37.7997	3.6491	34.1507	3.0747	37.8062	3.6555	Recommend
2025-12-02	10914030188	0.6301	37.7997	3.6491	34.1507	3.0747	37.8062	3.6555	Recommend
2025-12-02	10914040188	0.6301	37.7997	3.6491	34.1507	3.0747	37.8062	3.6555	Recommend
2025-12-02	10914050188	0.6301	37.7997	3.6491	34.1507	3.0747	37.8062	3.6555	Recommend
2025-12-02	10914060188	0.6301	37.7997	3.6491	34.1507	3.0747	37.8062	3.6555	Recommend
2025-12-02	10915000009	0.0630	101.1417	0.9894	100.1523	2.9401	101.1564	1.0042	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

Any Institution or Individual who intends to use ChinaBond Pricing Data Products to develop products, or use index data as benchmark, as well as to develop the passive investment products, ETF products and derivatives, shall apply to ChinaBond Pricing Center Co., Ltd. separately in writing.Contact information: 010-88170470/0475/dataservice@chinabond.com.cn

Instructions

1.Bond Valuation: 86-10-010-88174538/4537/0640 Quality Control: 86-21-60813561,86-21-60813562,86-10-88174536,86-10-88174551,86-10-881747122.For more details please visit ChinaBond Dr.Quant, ChinaBond datagate and authorized data vendors. 3.Internet Explorer 11 or Google Chrome is recommended.