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
2026-02-14	03三峡债	038006	China Inter-Bank Market	7.4603	121.1524	2.6231	118.5293	2.1440	AAA
2026-02-14	01国开21	010221	China Inter-Bank Market	5.9096	115.6871	0.4120	115.2751	1.7844
2026-02-14	25大足工业CP001	042500091	China Inter-Bank Market	0.0164	102.4980	2.5081	99.9900	1.8501	AA-
2026-02-14	06冀建投债	068012	Commercial Bank Counter Market	0.1151	103.9749	3.6990	100.2759	1.6362	AAA
2026-02-14	17招路02	112563	Shenzhen Stock Exchange	1.4767	107.2817	2.6060	104.6757	1.7381	AAA-
2026-02-14	25工商银行CD059	112502059	China Inter-Bank Market	0.0274	99.9611	1.8416	98.1195	1.4188	AAA
2026-02-14	02国债05	020005	Commercial Bank Counter Market	6.2712	108.3792	0.6569	107.7223	1.6011
2026-02-14	13青国投MTN001	101354012	China Inter-Bank Market	2.4959	112.0363	3.2162	108.8201	2.6712	AA-
2026-02-14	23浙江01	101900	Shenzhen Stock Exchange	3.9973	105.2969	0.0081	105.2888	1.5938	AAA+
2026-02-14	16沂南城建PPN001	031695001	China Inter-Bank Market	0.8548	25.5081	0.1361	25.3720	1.9692	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	Recommendation	Full Price (End Day)(Yuan)	Accrued Interest (End Day) (Yuan)	Residual Principal(Yuan)	ChinaBond Market Implied Rating	ISIN
2026-02-14	03三峡债	038006	Central enterprise bond	China Inter-Bank Market	7.4603	121.1524	2.6231	118.5293	2.1440	6.26	49.39	0.0758	recommend	121.1657	2.6364	100.0000	AAA	CND0000004T5
2026-02-14	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	5.9096	115.6871	0.4120	115.2751	1.7844	5.24	32.04	0.0606	recommend	115.6996	0.4245	100.0000		CND0000002K8
2026-02-14	25大足工业CP001	042500091	Short-term commercial paper (CP)	China Inter-Bank Market	0.0164	102.4980	2.5081	99.9900	1.8501	0.03	0.00	0.0003	recommend	102.5050	2.5151	100.0000	AA-	CND10008Z290
2026-02-14	06冀建投债	068012	Local enterprise bond	Commercial Bank Counter Market	0.1151	103.9749	3.6990	100.2759	1.6362	0.12	0.03	0.0013	recommend	103.9864	3.7105	100.0000	AAA	CND000000KN0
2026-02-14	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	1.4767	107.2817	2.6060	104.6757	1.7381	1.41	3.40	0.0151	recommend	107.2953	2.6196	100.0000	AAA-
2026-02-14	25工商银行CD059	112502059	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0274	99.9611	1.8416	98.1195	1.4188	0.03	0.00	0.0003	recommend	99.9663	1.8468	98.1065	AAA	CND100090XV6
2026-02-14	02国债05	020005	Book-entry T-bond	Commercial Bank Counter Market	6.2712	108.3792	0.6569	107.7223	1.6011	5.72	37.43	0.0620	recommend	108.3872	0.6649	100.0000		CND0000002T9
2026-02-14	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	2.4959	112.0363	3.2162	108.8201	2.6712	2.27	7.59	0.0254	recommend	112.0538	3.2337	100.0000	AA-	CND100011881
2026-02-14	23浙江01	101900	Local government bond	Shenzhen Stock Exchange	3.9973	105.2969	0.0081	105.2888	1.5938	3.77	18.29	0.0397	recommend	105.3051	0.0163	100.0000	AAA+	CND100063JB4
2026-02-14	16沂南城建PPN001	031695001	Private placement instruments (PPN)	China Inter-Bank Market	0.8548	25.5081	0.1361	25.3720	1.9692	0.84	1.41	0.0021	recommend	25.5107	0.1387	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
2026-02-14	10914000146	3.6712	113.7830	0.7700	113.0130	2.6174	Recommend
2026-02-14	10914000188	0.4219	34.2856	0.3862	33.8994	2.9498	Recommend
2026-02-14	10914000199		105.4706	2.9084	102.5623	2.5069	Recommend
2026-02-14	10914010188	0.4274	34.2983	0.3926	33.9057	2.9498	Recommend
2026-02-14	10914020188	0.4274	34.2983	0.3926	33.9057	2.9498	Recommend
2026-02-14	10914030188	0.4274	34.2983	0.3926	33.9057	2.9498	Recommend
2026-02-14	10914040188	0.4274	34.2983	0.3926	33.9057	2.9498	Recommend
2026-02-14	10914050188	0.4274	34.2983	0.3926	33.9057	2.9498	Recommend
2026-02-14	10914060188	0.4274	34.2983	0.3926	33.9057	2.9498	Recommend
2026-02-14	10915000010	4.8603	113.5902	0.7507	112.8395	2.6817	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
2026-02-14	10914000146	3.6712	113.7830	0.7700	113.0130	2.6174	113.8005	0.7875	Recommend
2026-02-14	10914000188	0.4219	34.2856	0.3862	33.8994	2.9498	34.2920	0.3926	Recommend
2026-02-14	10914000199		105.4706	2.9084	102.5623	2.5069	105.4835	2.9212	Recommend
2026-02-14	10914010188	0.4274	34.2983	0.3926	33.9057	2.9498	34.3047	0.3991	Recommend
2026-02-14	10914020188	0.4274	34.2983	0.3926	33.9057	2.9498	34.3047	0.3991	Recommend
2026-02-14	10914030188	0.4274	34.2983	0.3926	33.9057	2.9498	34.3047	0.3991	Recommend
2026-02-14	10914040188	0.4274	34.2983	0.3926	33.9057	2.9498	34.3047	0.3991	Recommend
2026-02-14	10914050188	0.4274	34.2983	0.3926	33.9057	2.9498	34.3047	0.3991	Recommend
2026-02-14	10914060188	0.4274	34.2983	0.3926	33.9057	2.9498	34.3047	0.3991	Recommend
2026-02-14	10915000010	4.8603	113.5902	0.7507	112.8395	2.6817	113.6052	0.7657	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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