0.0000% 中期報告（未經審核）
截至二零二零年六月三十日
基金管理及行政 1
资产负债表（未经审核） 2
全面收入表（未经审核） 3
所有者权益变动表（未经审核） 4
现金流量表（未经审核） 5
投资组合（未经审核） 6 – 11
投资组合变动报告（未经审核） 12 – 20
本中期报告并不构成博时投资基金子基金单位的发售或招揽发售。单位的认购只可以基于相关注释备忘
录及其随附的最新年度报告及中期报告所载的资料。
管理人 副管理人
博时基金（国际）有限公司 安本标准投资（香港）有限公司
香港 香港
中环 皇后大道中31号
康乐广场1号 陆海通大厦30楼
怡和大厦4109室
受托人及注册处
汇丰机构信托服务（亚洲）有限公司
香港
皇后大道中1号
中国托管人
香港上海汇丰银行有限公司
香港
皇后大道中1号
中国托管人的受委人
汇丰银行（中国）有限公司
中国
上海浦东（200120）
世纪大道8号
上海国金中心商场
汇丰银行大楼33楼
核数师
罗兵咸永道会计师事务所
香港中环
太子大厦22 楼
法律顾问
西盟斯律师事务所
香港
英皇道979号
太古坊一座30楼
（未经审核） （已审核）
二零二零年 二零一九年
六月三十日 十二月三十一日
美元 美元
资产
流动资产
投资 117,946,866 91,198,166
应收利息 1,958,318 1,416,482
应收经纪人款项 11,853,875 -
其他应收款项 - 631,593
现金及现金等值项目 7,220,495 6,153,335
总资产 138,979,554 99,399,576
负债
流动负债
应付经纪人款项 14,710,943 631,593
其他应付款项 136,234 90,811
负债（不包括单位持有人应占资产净值） 14,847,177 722,404
124,132,377 98,677,172 单位持有人应占资产净值
已发行单位数目
11,124 24,133 类别A美元
9,547,415 8,209,893 类别I美元
类别A人民币 2,622,871 -
类别I人民币 129,711,357 -
每单位资产净值
类别A美元 10.75 11.79
类别I美元 10.94 11.98
类别A人民币 0.15 -
类别I人民币 0.15 -
注释:
子基金的半年度报告与2019年年度财务报表采用的会计准则相同。
二零二零年 二零一九年
一月一日至 一月一日至
六月三十日 六月三十日
(未经审核) (未经审核)
美元 美元
收入
银行存款利息 4,942 19,888
投资的利息 2,832,525 1,906,765
其他收入 - 600
投资的收益净额/亏损 (8,863,725) 2,757,802
汇兑亏损净额 (156,687) (96)
投资收入总额 (6,182,945) 4,684,959
开支
注释 2
管理费 393,268 249,629
注释 1
受托人费 61,798 -
审核费 15,206 11,404
注释 1
保管费 13,524 4,601
法律及专业费 6,829 -
注释 1
其他开支 36,765 7,410
营运收益 527,390 273,044
营运所得单位持有人应占资产净值增加/减少
(6,710,335) 4,411,915
注释 1
截止在2020年6月30日和2019年6月30日，已向受托人或其关连人士支付了受托人费用和注册
服务商费用，分别向受托人或其关连人士支付了以下费用：
二零二零年 二零一九年
一月一日至 一月一日至
六月三十日 六月三十日
(未经审核) (未经审核)
美元 美元
保管费 7,950 4,601
其他开支 22,687 6,913
注释2
截至2020年6月30日和2019年6月30日期间，除已支付管理人的管理费外，没有其他款项支付
给管理人或其关连人士。
二零二零年 二零一九年
一月一日至 一月一日至
六月三十日 六月三十日
(未经审核) (未经审核)
美元 美元
于年初的单位持有人应占资产净值
98,677,172 49,393,667
发行单位 62,405,072 20,735,250
赎回单位 (30,239,532) (1,242,814)
单位交易的增加净额 32,165,540 19,492,436
营运所得单位持有人应占资产净值增加/减少 (6,710,335) 4,411,915
于期末的单位持有人应占资产净值 124,132,377 73,298,018
单位数目 单位数目
类别 A美元
期初已发行单位数目 24,133 588,447
发行单位 4,168 20,927
赎回单位 (17,177) (22,222)
期末已发行单位数目 11,124 587,152
类别 I美元
期初已发行单位数目 8,209,893 3,964,241
发行单位 2,755,037 1,782,608
赎回单位 (1,417,515) (86,942)
期末已发行单位数目 9,547,415 5,659,907
类别 A人民币
期初已发行单位数目 - -
发行单位 2,854,870 -
赎回单位 (231,999) -
期末已发行单位数目 2,622,871 -
类别 I人民币
期初已发行单位数目 - -
发行单位 229,312,554 -
赎回单位 (99,601,197) -
期末已发行单位数目 129,711,357 -
二零二零年 二零一九年
一月一日至 一月一日至
六月三十日 六月三十日
(未经审核) (未经审核)
美元 美元
来自营运活动的现金流
营运所得单位持有人应占资产净值增加/减少 (6,710,335) 4,411,915
就以下作出调整:
(1,906,765) 投资的利息 (2,832,525)
(19,888) 银行存款利息 (4,942)
未计营运资金变动前的营运收益╱（亏损） (9,547,802) 2,485,262
投资减少净额 (26,748,700) (25,765,336)
应收经纪款项（减少）／增加净额 (11,853,875) 45,731
276,487 应付经纪人款项（减少）／增加净额 14,079,350
其他应收款项减少／（增加）净额 631,593 -
其他应付款项增加／（减少）净额 45,423 24,543
营运产生的现金 (33,394,011) (22,933,313)
1,495,383 已收投资利息 2,290,634
18,121 已收银行存款利息 4,997
营运活动产生的现金净额 (31,098,380) (21,419,809)
来自融资活动的现金流
20,735,250 发行单位的付款 62,405,072
(1,242,814) 赎回单位的付款 (30,239,532)
融资活动所用的现金净额 32,165,540 19,492,436
现金及现金等值项目增加╱（减少）净额 1,067,160 (1,927,373)
于年初的现金及现金等值项目 6,153,335 3,721,418
于期末的现金及现金等值项目 7,220,495 1,794,045
现金及现金等值项目结余分析
银行现金 7,220,495 1,794,045
名义值 市场价值 占净资产
美元 美元 百分比
挂牌债券
维京群岛
CENTRAL CHINA REAL ESTAT (REGS) 8.75%
23JAN2021 400,000 407,225 0.33
CENTRAL CHN REAL ESTATE (REG) (REG S) 6.875%
08AUG2022 400,000 395,944 0.32
CENTRAL CHN REAL ESTATE (REG) (REG S) 7.9%
07NOV2023 1,400,000 1,399,369 1.13
CHINA AOYUAN GROUP LTD (REG) (REG S) 8.5%
23JAN2022 700,000 724,023 0.58
CHINA SCE GRP HLDGS LTD (REG) (REG S) 5.875%
10MAR2022 1,000,000 986,157 0.79
CHINA SCE GRP HLDGS LTD (REG) (REG S) 7.375%
09APR2024 2,000,000 1,969,124 1.59
FANTASIA HOLDINGS GROUP SER REGS (REG)
(REG S) 8.375% 08MAR2021 1,200,000 1,204,470 0.97
KAISA GROUP HOLDINGS LTD (REG) (REG S)
10.875% 23JUL2023
400,000 400,353 0.32
开曼群岛
RONSHINE CHINA (REG) (REG S) 11.25%
22AUG2021 1,000,000 1,055,427 0.85
RONSHINE CHINA (REG) (REG S) 8.1% 09JUN2023 1,500,000 1,544,385 1.24
中国
BANK OF CHINA SER REGS 5% 13NOV2024 2,000,000 2,230,250 1.80
BI HAI CO LTD (REG) (REG S) 6.25% 05MAR2022 1,310,000 1,326,234 1.07
CAIYUN INTL INVESTMENT (REG) (REG S) 5.5%
08APR2022 1,500,000 1,327,600 1.07
CD ECO TECH SA (REG) (REG S) 7.5% 12FEB2022 1,000,000 1,016,159 0.82
CENTRAL PLAZA DEV LTD SER EMTN (REG S)
VAR PERP 31DEC2049 1,500,000 1,461,942 1.18
CFLD CAYMAN INVESTMENT (REG) (REG S) 8.05%
13JAN2025 1,000,000 939,511 0.76
CFLD CAYMAN INVESTMENT (REG) (REG S) 8.6%
08APR2024 2,000,000 1,970,000 1.59
CHALIECO HONG KONG CORP (REG) (REG S) VAR
PERP 31DEC2049 1,200,000 1,181,599 0.95
CHAMPION SINCERITY HL VAR PERP 29DEC2049 500,000 508,325 0.41
CHANGDE CITY CONS INV (REG) (REG S) 5.8%
18SEP2022 270,000 271,297 0.22
CHANGDE ECON CONS INVEST (REG) (REG S) 6.6%
15AUG2022 200,000 202,971 0.16
CHINA CINDA 2020 I MNGMN SER EMTN (REG)
(REG S) 3.125% 18MAR2030 1,000,000 1,047,282 0.84
CHINA CONSTRUCTION BANK (REG) (REG S) VAR
24JUN2030
1,290,000 1,287,837 1.04
名义值 市场价值 占净资产
美元 美元 百分比
挂牌债券（续）
中国（续）
CHINA MINMETALS CORP (REG) (REGS) VAR
PERP 29DEC2049 1,500,000 1,514,826 1.22
CHONGQING NANAN CON DEV (REG) (REG S)
4.66% 04JUN2024 1,000,000 1,011,873 0.82
CHOUZHOU INTL INV LTD (REG) (REG S) 4%
18FEB2025 2,000,000 1,929,010 1.55
CHOUZHOU INTL INV LTD (REG) (REG S) 4.5%
30MAY2022 1,000,000 1,011,127 0.81
COASTAL EMERALD LTD (REG) (REG S) VAR
PERP 31DEC2049 1,000,000 1,008,115 0.81
COUNTRY GARDEN HLDGS (REG) (REG S)
7.25% 08APR2026 2,500,000 2,723,377 2.19
CSSC CAPITAL 2015 LTD (REG) (REG S) 3%
13FEB2030 1,950,000 1,904,740 1.53
DIANJIAN HAIYU LTD SER EMTN (REG) (REG S)
VAR PERP 31DEC2049 1,000,000 1,011,250 0.81
EHI CAR SERVICES LTD (REG S) 5.875%
14AUG2022 200,000 155,530 0.13
FAR EAST HORIZON LTD SER EMTN (REG S)
VAR PERP 14DEC2065 500,000 483,706 0.39
FUJIAN ZHANGLONG GROUP (REG) (REG S)
5.875% 26AUG2022 500,000 502,429 0.40
GOLDEN EAGLE RETAIL GROUP SER REGS
4.625% 21MAY2023 800,000 778,000 0.63
HANHUI INTERNATIONAL LTD (REG) (REG S)
4.37% 22AUG2022 200,000 201,470 0.16
HONGHUA GROUP LTD (REG) (REG S) 6.375%
01AUG2022 200,000 196,481 0.16
HONGKONG INTL QINGDAO (REG) (REG S)
4.25% 04DEC2022 2,000,000 2,002,398 1.61
HUARONG FINANCE 2019 SER EMTN (REG S)
3.375% 24FEB2030 2,500,000 2,452,795 1.98
HUARONG FINANCE VAR PERP 29DEC2049 1,500,000 1,511,099 1.22
JINKE PROPERTIES GROUP (REG) (REG S)
8.375% 20JUN2021 200,000 203,363 0.16
KAISA GROUP HOLDINGS LTD (REG) (REG S)
11.5% 30JAN2023 460,000 471,370 0.38
KAISA GROUP HOLDINGS LTD 8.5% 30JUN2022 1,600,000 1,585,838 1.28
KUNMING DIANCHI INVST (REG) (REG S) 6.6%
26JUN2022 200,000 198,980 0.16
KWG GROUP HOLDINGS (REG S) 7.875%
09AUG2021 1,000,000 1,024,878 0.83
KWG GROUP HOLDINGS SER EMTN (REG) (REG
S) 7.4% 05MAR2024 1,000,000 1,025,069 0.83
LOGAN PROPERTY HOLDINGS (REG) (REG S)
6.5% 16JUL2023 1,000,000 1,027,500 0.83
MIANYANG INVEST HOLD (REG) (REG S) 5.95%
30OCT2022 300,000 299,986 0.24
NEW METRO GLOBAL LTD (REG) (REGS)
7.125% 23MAY2021 1,000,000 1,008,827 0.81
名义值 市场价值 占净资产
美元 美元 百分比
挂牌债券（续）
中国（续）
POWERLONG REAL ESTATE (REG S) 6.95%
23JUL2023 1,500,000 1,505,192 1.21
POWERLONG REAL ESTATE (REG) (REG S)
7.125% 08NOV2022 660,000 669,752 0.54
RED SUN PROPERTIES GRP (REG) (REG S) 9.7%
16APR2023 200,000 195,946 0.16
RED SUN PROPERTIES GRP (REG) (REG S) 9.95%
11APR2022 2,000,000 2,009,746 1.62
SCENERY JOURNEY LTD (REG) (REG S) 11.5%
24OCT2022 2,000,000 1,904,770 1.53
SD IRON & STEEL XINHENG (REG) (REG S) 6.5%
14JUN2021 1,000,000 1,001,224 0.81
SD IRON & STEEL XINHENG (REG) (REG S)
6.85% 25SEP2022 300,000 298,446 0.24
SEAZEN GROUP LTD (REG) (REG S) 6.45%
11JUN2022 1,000,000 1,008,592 0.81
SEAZEN HOLDINGS CO. LTD (REG) (REG S)
7.5% 20MAR2022 1,000,000 1,021,722 0.82
SUNAC CHINA HOLDINGS LTD (REG) (REG S)
6.5% 10JAN2025 500,000 484,053 0.39
SUNAC CHINA HOLDINGS LTD (REG) (REG S)
7.5% 01FEB2024 2,000,000 2,001,536 1.61
SUNAC CHINA HOLDINGS LTD (REG) (REG S)
7.95% 08AUG2022 300,000 307,827 0.25
SUNNY EXPRESS (REG) (REG S) 3.125%
23APR2030 1,500,000 1,570,169 1.26
TIMES CHINA HLDG LTD (REG) (REG S) 6%
05MAY2021 1,000,000 1,004,616 0.81
TIMES CHINA HLDG LTD (REG) (REG S) 7.85%
04JUN2021 800,000 811,242 0.65
TSINGHUA UNIC LTD (REG) (REG S) 4.75%
31JAN2021 800,000 682,200 0.55
WANDA PROPERTIES OVERSEA (REG) (REG S)
6.875% 23JUL2023 1,500,000 1,434,021 1.16
WEIFANG URBAN CON DEV (REG S) 6.5%
23OCT2021 200,000 201,250 0.16
WELL HOPE DEVELOPMENT (REG S) VAR PERP
29DEC2049 500,000 498,730 0.40
XI'AN QUJIANG CULTURE (REG) (REG S) 5.5%
04MAR2023 420,000 419,880 0.34
XIAOMI BEST TIME INTL SER REGS (REG) (REG
S) 3.375% 29APR2030 2,000,000 1,975,400 1.59
YANGO JUSTICE INTL (REG) (REG S) 8.25%
25NOV2023 1,070,000 1,026,830 0.83
YANGO JUSTICE INTL (REG) (REG S) 9.25%
15APR2023 1,200,000 1,195,441 0.96
YANGO JUSTICE INTL (REG) (REG S) 9.5%
03APR2021 500,000 508,084 0.41
YUNNAN ENERGY INST OVR (REG) (REG S)
4.25% 14NOV2022 450,000 445,500 0.36
YUNNAN ENERGY INST OVR (REG) (REG S)
6.25% 29NOV2021 400,000 408,455 0.33
名义值 市场价值 占净资产
美元 美元 百分比
挂牌债券（续）
中国（续）
YUZHOU PROPERTIES CO LTD (REG) (REG S)
7.375% 13JAN2026 2,000,000 1,883,342 1.52
YUZHOU PROPERTIES CO LTD (REG) (REG S)
8.5% 04FEB2023 700,000 729,974 0.59
YUZHOU PROPERTIES CO LTD (REG) (REG S)
8.625% 23JAN2022 500,000 519,624 0.42
YUZHOU PROPERTIES CO LTD (REG) (REG S)
6% 25OCT2023 380,000 368,203 0.30
ZHANGZHOU JIULONGJIANG (REG) (REG S)
5.6% 10SEP2022 2,000,000 1,989,718 1.60
ZHANGZHOU TRANS DVLP CO (REG) (REG S)
6.5% 26JUN2022 1,000,000 1,019,862 0.82
ZHENRO PROPERTIES GROUP (REG) (REG S)
7.875% 14APR2024 700,000 666,911 0.54
ZHENRO PROPERTIES GROUP (REG) (REG S)
8.3% 15SEP2023 1,200,000 1,181,513 0.95
ZHENRO PROPERTIES GROUP (REG) (REG S)
9.15% 08MAR2022 700,000 718,732 0.58
ZOOMLION HK SPV CO LTD SER REGS 6.125%
20DEC2022 300,000 307,805 0.25
克罗地亚
CROATIA (REP OF) SER REGS 6.375 24/03/2021 712,000 738,257 0.59
厄瓜多尔
ARAB REPUBLIC OF EGYPT SER REGS (REG)
6.588% 21FEB2028 600,000 594,557 0.48
REPUBLIC OF COLOMBIA (REG) 4.5%
15MAR2029 265,000 291,121 0.23
REPUBLIC OF EL SALVADOR SER REGS (REG)
(REG S) 8.25% 10APR2032 686,000 629,405 0.51
REPUBLIC OF INDONESIA (REG) 4.75%
11FEB2029 700,000 812,550 0.66
REPUBLIC OF NIGERIA SER REGS (REG S)
7.625% 21NOV2025 1,410,000 1,443,762 1.16
REPUBLIC OF UZBEKISTAN SER REGS (REG)
(REG S) 5.375% 20FEB2029 1,060,000 1,160,414 0.94
STATE OF QATAR SER REGS (REG S) 4.5%
23APR2028 1,000,000 1,181,390 0.95
UNITED MEXICAN STATES (REG) 3.75%
11JAN2028 585,000 609,813 0.49
埃及
EGYPT (ARAB REP OF) SER REGS 5.875%
11JUN2025 717,000 724,170 0.58
GEORGIA (REP OF) SER REGS (REG) 6.875%
12APR2021 1,167,000 1,193,672 0.96
ICD FUNDING LTD (REG) (REG S) 4.625%
21MAY2024 1,108,000 1,150,612 0.93
PERUSAHAAN LISTRIK NEGAR SER REGS (REG
S) 3% 30JUN2030 830,000 823,833 0.66
PETRONAS CAPITAL LTD SER REGS (REG)
(REG S) 3.5% 21APR2030 800,000 889,207 0.72
名义值 市场价值 占净资产
美元 美元 百分比
挂牌债券（续）
埃及（续）
REPUBLIC OF GUATEMALA SER REGS (REG)
(REG S) 4.9% 01JUN2030 975,000 1,044,771 0.84
REPUBLIC OF PARAGUAY SER REGS (REG) (REG
S) 4.95% 28APR2031 400,000 447,500 0.36
STATE OF QATAR SER REGS (REG S) 3.4%
16APR2025 483,000 526,518 0.43
香港
AGILE GROUP HOLDINGS LTD (REG) (REG S) VAR
PERP 31DEC2049 1,000,000 970,481 0.78
墨西哥
MEXICO (UTD STATES OF) (REG) 3.25%
16APR2030 500,000 495,975 0.40
尼日利亚
IVORY COAST (GOVT OF) SER REGS 6.375%
03MAR2028 1,150,000 1,180,192 0.95
塞尔维亚
SERBIA (REP OF) (REGS) (REG) 7.25% 28/09/2021 1,614,000 1,722,041 1.39
突尼斯
COMMONWEALTH OF BAHAMAS SER REGS
(REG) 5.75% 16JAN2024 897,000 834,210 0.67
ISLAMIC REP OF PAKISTAN SER REGS (REG)
(REG S) 6.875% 05DEC2027 1,120,000 1,106,700 0.89
OIL & GAS HOLDING SER REGS (REGS) 7.5%
25OCT2027 500,000 537,739 0.43
REPUBLIC OF AZERBAIJAN SER REGS 3.5%
01SEP2032 1,400,000 1,369,340 1.10
REPUBLIC OF COLOMBIA (REG) 3.875%
25APR2027 900,000 952,713 0.77
REPUBLIC OF EL SALVADOR SER REGS (REG)
5.875% 30JAN2025 494,000 435,955 0.35
REPUBLIC OF IRAQ SER REGS 6.752% 09MAR2023 1,213,000 1,125,094 0.91
REPUBLIC OF PARAGUAY SER REGS (REG) 5%
15APR2026 1,000,000 1,109,060 0.90
UKRAINE GOVERNMENT SER REGS (REG) 7.375%
25SEP2032 600,000 605,656 0.49
UNITED MEXICAN STATES 4.15% 28/03/2027 1,100,000 1,179,063 0.95
乌克兰
ESIC SUKUK LTD SER EMTN (REG S) 3.939%
30JUL2024 1,300,000 1,272,050 1.03
PERUSAHAAN LISTRIK NEGAR SER REGS (REG S)
3.875% 17JUL2029 430,000 450,236 0.36
UKRAINE RAIL (RAIL CAPL) (REG) (REG S) 8.25%
09JUL2024 700,000 693,000 0.56
名义值 市场价值 占净资产
美元 美元 百分比
挂牌债券（续）
美国
SANDS CHINA LTD SER REGS (REG S) 4.375%
18JUN2030 1,500,000 1,567,980 1.26
───────── ──────
117,946,866 95.02
═════════ ══════
总投资，按成本总投资* 116,848,107
═════════
*投资按交易日期投资按交易日期准列账
名义值（美元）
二零二零年 增添 减少 二零二零年
挂牌债券 一月一日 六月三十日
维京群岛
CENTRAL CHINA REAL ESTAT
(REGS) 8.75% 23JAN2021 400,000 - - 400,000
CENTRAL CHN REAL ESTATE (REG)
(REG S) 6.875% 08AUG2022 400,000 - - 400,000
CENTRAL CHN REAL ESTATE (REG)
(REG S) 7.9% 07NOV2023 400,000 1,000,000 - 1,400,000
CHINA AOYUAN GROUP LTD (REG)
(REG S) 8.5% 23JAN2022 - 700,000 - 700,000
CHINA SCE GRP HLDGS LTD (REG)
(REG S) 5.875% 10MAR2022 - 1,000,000 - 1,000,000
CHINA SCE GRP HLDGS LTD (REG)
(REG S) 7.375% 09APR2024 200,000 2,680,000 (880,000) 2,000,000
CHINA SCE GRP HLDGS LTD (REG)
(REG S) 8.75% 15JAN2021 800,000 1,000,000 (1,800,000) -
FANTASIA HOLDINGS GROUP SER
REGS (REG) (REG S) 8.375%
08MAR2021 - 1,200,000 - 1,200,000
KAISA GROUP HOLDINGS LTD (REG)
(REG S) 10.875% 23JUL2023 - 400,000 - 400,000
开曼群岛
RONSHINE CHINA (REG) (REG S)
11.25% 22AUG2021 250,000 750,000 - 1,000,000
RONSHINE CHINA (REG) (REG S) 8.1%
09JUN2023 1,000,000 500,000 - 1,500,000
中国
AZURE ORBIT II INTL FIN SEREMTN
REG (REGS) 3.125% 31AUG2020 - 3,500,000 (3,500,000) -
BAIDU INC (REG) 3.075% 07APR2025 - 1,500,000 (1,500,000) -
BANK OF CHINA SER REGS 5%
13NOV2024 - 2,000,000 - 2,000,000
BI HAI CO LTD (REG) (REG S) 6.25%
05MAR2022 310,000 1,000,000 - 1,310,000
CAIYUN INTL INVESTMENT (REG)
(REG S) 5.5% 08APR2022 400,000 1,700,000 (600,000) 1,500,000
CCCI TREASURE LTD VAR PERP
29DEC2049 - 1,500,000 (1,500,000) -
CD ECO TECH SA (REG) (REG S) 7.5%
12FEB2022 200,000 1,300,000 (500,000) 1,000,000
CENTRAL PLAZA DEV LTD SER
EMTN (REG S) VAR PERP 31DEC2049 1,000,000 500,000 - 1,500,000
CFLD CAYMAN INVESTMENT (REG)
(REG S) 8.05% 13JAN2025 - 1,320,000 (320,000) 1,000,000
CFLD CAYMAN INVESTMENT (REG)
(REG S) 8.6% 08APR2024 1,000,000 1,000,000 - 2,000,000
CFLD CAYMAN INVESTMENT (REG)
(REG S) 9% 31JUL2021 300,000 - (300,000) -
CHALIECO HONG KONG CORP (REG)
(REG S) VAR PERP 31DEC2049 1,200,000 - - 1,200,000
CHAMPION SINCERITY HL VAR PERP
29DEC2049 - 500,000 - 500,000
CHANGDE CITY CONS INV (REG)
(REG S) 5.8% 18SEP2022 270,000 - - 270,000
名义值（美元）
二零二零年 增添 减少 二零二零年
挂牌债券（续） 一月一日 六月三十日
中国（续）
CHANGDE ECON CONS INVEST
(REG) (REG S) 6.6% 15AUG2022 200,000 - - 200,000
CHINA CINDA 2020 I MNGMN SER
EMTN (REG) (REG S) 3.125%
18MAR2030 - 1,000,000 - 1,000,000
CHINA CINDA ASSET MGMT (REG)
(REGS) 4.45% 29DEC2049 1,500,000 - (1,500,000) -
CHINA CONSTRUCTION BANK
(REG) (REG S) VAR 24JUN2030 - 1,290,000 - 1,290,000
CHINA EVERGRANDE GROUP (BR)
(REG S) 8.75% 28JUN2025 - 1,000,000 (1,000,000) -
CHINA MINMETALS CORP (REG)
(REGS) VAR PERP 29DEC2049 - 1,500,000 - 1,500,000
CHONGQING NANAN CON DEV
(REG) (REG S) 4.66% 04JUN2024 - 1,000,000 - 1,000,000
CHOUZHOU INTL INV LTD (REG)
(REG S) 4% 18FEB2025 - 2,890,000 (890,000) 2,000,000
CHOUZHOU INTL INV LTD (REG)
(REG S) 4.5% 30MAY2022 - 1,000,000 - 1,000,000
CIFI HOLDINGS GROUP (REG) (REG
S) 6.45% 07NOV2024 1,000,000 - (1,000,000) -
CNAC HK FINBRIDGE CO LTD (REG
S) 4.625% 14MAR2023 - 500,000 (500,000) -
CNAC HK FINBRIDGE CO LTD (REG)
(REG S) 3.375% 19JUN2024 - 1,000,000 (1,000,000) -
CNAC HK FINBRIDGE CO LTD (REG)
(REG S) 3.875% 19JUN2029 - 1,500,000 (1,500,000) -
CNAC HK SYNBRIDGE CO LTD
(REG) 5% 05MAY2020 1,000,000 - (1,000,000) -
COASTAL EMERALD LTD (REG)
(REG S) VAR PERP 31DEC2049 1,500,000 - (500,000) 1,000,000
COUNTRY GARDEN HLDGS (REG)
(REG S) 5.4% 27MAY2025 - 200,000 (200,000) -
COUNTRY GARDEN HLDGS (REG)
(REG S) 7.25% 08APR2026 - 2,500,000 - 2,500,000
CSSC CAPITAL 2015 LTD (REG) (REG
S) 3% 13FEB2030 - 2,450,000 (500,000) 1,950,000
DIANJIAN HAIYU LTD SER EMTN
- 1,000,000 - 1,000,000 (REG) (REG S) VAR PERP
EHI CAR SERVICES LTD (REG S)
5.875% 14AUG2022 500,000 - (300,000) 200,000
FAR EAST HORIZON LTD SER EMTN
(REG S) VAR PERP 14DEC2065 500,000 - - 500,000
FUJIAN ZHANGLONG GROUP (REG)
(REG S) 5.875% 26AUG2022 500,000 - - 500,000
GEELY FINANCE HK LTD (REG)
(REG S) 3% 05MAR2025 - 730,000 (730,000) -
GOLDEN EAGLE RETAIL GROUP
SER REGS 4.625% 21MAY2023 400,000 400,000 - 800,000
GUOHUI INTERNATION BVI (REG)
(REG S) 4.37% 09JUL2022 - 2,000,000 (2,000,000) -
HAITONG INTL FIN 2015
(REG)(REGS) 3.5% 21APR2020 1,600,000 500,000 (2,100,000) -
名义值（美元）
二零二零年 增添 减少 二零二零年
挂牌债券（续） 一月一日 六月三十日
中国（续）
HANHUI INTERNATIONAL LTD
(REG) (REG S) 4.37% 22AUG2022 - 200,000 - 200,000
HONGHUA GROUP LTD (REG) (REG
S) 6.375% 01AUG2022 200,000 - - 200,000
HONGKONG INTL QINGDAO (REG)
(REG S) 3.75% 04DEC2020 - 1,500,000 (1,500,000) -
HONGKONG INTL QINGDAO (REG)
(REG S) 4.25% 04DEC2022 1,000,000 1,000,000 - 2,000,000
HUARONG FINANCE 2019 SER EMTN
(REG S) 3.25% 13NOV2024 - 1,000,000 (1,000,000) -
HUARONG FINANCE 2019 SER EMTN
(REG S) 3.375% 24FEB2030 - 3,000,000 (500,000) 2,500,000
HUARONG FINANCE 2019 SER EMTN
(REGS) 4.5% 29MAY2029 1,000,000 500,000 (1,500,000) -
HUARONG FINANCE VAR PERP
29DEC2049 - 1,500,000 - 1,500,000
JINGRUI HOLDINGS LTD (REG) (REG
S) 10.875% 04OCT2021 430,000 - (430,000) -
JINKE PROPERTIES GROUP (REG)
(REG S) 8.375% 20JUN2021 200,000 - - 200,000
KAISA GROUP HOLDINGS LTD
(REG) (REG S) 11.5% 30JAN2023 - 460,000 - 460,000
KAISA GROUP HOLDINGS LTD 8.5%
30JUN2022 - 1,600,000 - 1,600,000
KUNMING DIANCHI INVST (REG)
(REG S) 6.6% 26JUN2022 200,000 - - 200,000
KWG GROUP HOLDINGS (REG S)
7.875% 09AUG2021 - 1,000,000 - 1,000,000
KWG GROUP HOLDINGS SER EMTN
(REG) (REG S) 7.4% 05MAR2024 - 1,000,000 - 1,000,000
LOGAN PROPERTY HOLDINGS
(REG) (REG S) 5.75% 03JAN2022 - 1,000,000 (1,000,000) -
LOGAN PROPERTY HOLDINGS
(REG) (REG S) 6.5% 16JUL2023 - 1,000,000 - 1,000,000
LONGFOR HOLDINGS LTD (REG)
(REG S) 3.95% 16SEP2029 500,000 1,000,000 (1,500,000) -
MCC HOLDING HK CORP VAR PERP
31DEC2049 - 1,500,000 (1,500,000) -
MIANYANG INVEST HOLD (REG)
(REG S) 5.95% 30OCT2022 300,000 - - 300,000
NEW METRO GLOBAL LTD (REG)
(REGS) 7.125% 23MAY2021 200,000 800,000 - 1,000,000
OVERSEAS CHINESE TOWN AS
(REG) (REG S) VAR PERP
29DEC2049 - 1,500,000 (1,500,000) -
POSTAL SAVINGS BK CHINA (REG)
(REG S) VAR PERP 29DEC2049 1,400,000 3,500,000 (4,900,000) -
POWERLONG REAL ESTATE (REG S)
6.95% 23JUL2023 1,000,000 500,000 - 1,500,000
POWERLONG REAL ESTATE (REG)
(REG S) 7.125% 08NOV2022 260,000 400,000 - 660,000
RED SUN PROPERTIES GRP (REG)
(REG S) 9.7% 16APR2023 - 200,000 - 200,000
名义值（美元）
二零二零年 增添 减少 二零二零年
挂牌债券（续） 一月一日 六月三十日
中国（续）
RED SUN PROPERTIES GRP (REG)
(REG S) 9.95% 11APR2022 500,000 1,500,000 - 2,000,000
RONGXINGDA DEVELOPMENT
(REG) (REG S) 8.75% 28JAN2021 - 560,000 (560,000) -
SCENERY JOURNEY LTD (REG) (REG
S) 11.5% 24OCT2022 - 2,000,000 - 2,000,000
SD IRON & STEEL XINHENG (REG)
(REG S) 6.5% 14JUN2021 800,000 200,000 - 1,000,000
SD IRON & STEEL XINHENG (REG)
(REG S) 6.85% 25SEP2022 - 300,000 - 300,000
SEAZEN GROUP LTD (REG) (REG S)
6.45% 11JUN2022 - 1,000,000 - 1,000,000
SEAZEN HOLDINGS CO. LTD (REG)
(REG S) 7.5% 20MAR2022 - 1,000,000 - 1,000,000
SHANGRAO INV HLDG INTL (REG S)
4.3% 16JAN2023 - 340,000 (340,000) -
SHANGYU ST INV OPE (REG S) 4.18%
04DEC2022 1,000,000 - (1,000,000) -
SINOPEC GRP DEV 2018 SER REGS
(REG S) 2.7% 13MAY2030 - 2,000,000 (2,000,000) -
SINOPEC GRP DEV 2018 SER REGS
(REG S) 2.95% 12NOV2029 - 2,000,000 (2,000,000) -
SUNAC CHINA HOLDINGS LTD
(REG) (REG S) 6.5% 10JAN2025 - 500,000 - 500,000
SUNAC CHINA HOLDINGS LTD
(REG) (REG S) 7.5% 01FEB2024 200,000 2,000,000 (200,000) 2,000,000
SUNAC CHINA HOLDINGS LTD
(REG) (REG S) 7.95% 08AUG2022 300,000 - - 300,000
SUNAC CHINA HOLDINGS LTD
(REG) (REG S) 8.375% 15JAN2021 - 1,000,000 (1,000,000) -
SUNNY EXPRESS (REG) (REG S)
3.125% 23APR2030 - 1,500,000 - 1,500,000
TENCENT HOLDINGS LTD SER REGS
(REG S) 2.39% 03JUN2030 - 1,300,000 (1,300,000) -
TENCENT HOLDINGS LTD SER REGS
(REG) (REG S) 3.28% 11APR2024 - 700,000 (700,000) -
TIMES CHINA HLDG LTD (REG) (REG
S) 6% 05MAY2021 - 1,000,000 - 1,000,000
TIMES CHINA HLDG LTD (REG) (REG
S) 7.85% 04JUN2021 - 800,000 - 800,000
TSINGHUA UNIC LTD (REG) (REG S)
4.75% 31JAN2021 - 800,000 - 800,000
US TREASURY N/B 1.625%
15AUG2029 9,554,800 - (9,554,800) -
WANDA PROPERTIES OVERSEA
(REG) (REG S) 6.875% 23JUL2023 - 1,500,000 - 1,500,000
WEIBO CORP (REG) 3.5% 05JUL2024 - 700,000 (700,000) -
WEIFANG URBAN CON DEV (REG S)
6.5% 23OCT2021 200,000 - - 200,000
WELL HOPE DEVELOPMENT (REG S)
VAR PERP 29DEC2049 500,000 - - 500,000
XI'AN QUJIANG CULTURE (REG)
(REG S) 5.5% 04MAR2023 - 420,000 - 420,000
名义值（美元）
二零二零年 增添 减少 二零二零年
挂牌债券（续） 一月一日 六月三十日
中国（续）
XIAOMI BEST TIME INTL SER REGS
(REG) (REG S) 3.375% 29APR2030 - 2,000,000 - 2,000,000
YANGO JUSTICE INTL (REG) (REG S)
12% 02JUL2020 200,000 - (200,000) -
YANGO JUSTICE INTL (REG) (REG S)
7.5% 16NOV2020 - 500,000 (500,000) -
YANGO JUSTICE INTL (REG) (REG S)
8.25% 25NOV2023 - 1,070,000 - 1,070,000
YANGO JUSTICE INTL (REG) (REG S)
9.25% 15APR2023 - 1,200,000 - 1,200,000
YANGO JUSTICE INTL (REG) (REG S)
9.5% 03APR2021 500,000 - - 500,000
YONGDA INVESTMENT LTD (REG)
(REG S) 2.25% 16JUN2025 - 710,000 (710,000) -
YUNNAN ENERGY INST OVR (REG)
(REG S) 4.25% 14NOV2022 450,000 - - 450,000
YUNNAN ENERGY INST OVR (REG)
(REG S) 6.25% 29NOV2021 400,000 - - 400,000
YUZHOU PROPERTIES CO LTD (REG)
(REG S) 7.375% 13JAN2026 - 2,480,000 (480,000) 2,000,000
YUZHOU PROPERTIES CO LTD (REG)
(REG S) 8.3% 27MAY2025 600,000 - (600,000) -
YUZHOU PROPERTIES CO LTD (REG)
(REG S) 8.5% 04FEB2023 200,000 500,000 - 700,000
YUZHOU PROPERTIES CO LTD (REG)
(REG S) 8.625% 23JAN2022 - 500,000 - 500,000
YUZHOU PROPERTIES CO LTD (REG)
(REG-S)6% 25OCT2023 380,000 - - 380,000
ZHANGZHOU JIULONGJIANG (REG)
(REG S) 5.6% 10SEP2022 200,000 2,000,000 (200,000) 2,000,000
ZHANGZHOU TRANS DVLP CO (REG)
(REG S) 6.5% 26JUN2022 - 1,000,000 - 1,000,000
ZHENRO PROPERTIES GROUP (REG)
(REG S) 7.875% 14APR2024 - 700,000 - 700,000
ZHENRO PROPERTIES GROUP (REG)
(REG S) 8.3% 15SEP2023 - 1,200,000 - 1,200,000
ZHENRO PROPERTIES GROUP (REG)
(REG S) 9.15% 08MAR2022 200,000 500,000 - 700,000
ZOOMLION HK SPV CO LTD SER
REGS 6.125% 20DEC2022 300,000 - - 300,000
克罗地亚
CROATIA (REP OF) SER REGS 6.375
24/03/2021 986,000 790,000 (1,064,000) 712,000
厄瓜多尔
ARAB REPUBLIC OF EGYPT SER
REGS (REG) (REG S) 6.2004%
01MAR2024 550,000 - (550,000) -
ARAB REPUBLIC OF EGYPT SER
REGS (REG) 6.588% 21FEB2028 - 600,000 - 600,000
DAR AL-ARKAN SUKUK CO LT (REG
S) 6.875% 21MAR2023 - 1,000,000 (1,000,000) -
名义值（美元）
二零二零年 增添 减少 二零二零年
一月一日 六月三十日
挂牌债券（续）
厄瓜多尔（续）
GMR HYDERABAD INTERNATIO SER
REGS (REG S) 5.375% 10APR2024 478,000 - (478,000) -
INDIABULLS HOUSING FIN SER
EMTN (REG) (REG S) 6.375%
28MAY2022 249,000 751,000 (1,000,000) -
INTL AIRPORT FINANCE SA SER
REGS (REG) (REG S) 12% 15MAR2033 659,000 - (659,000) -
MEDCO OAK TREE PTE LTD SER
REGS (REG) (REG S) 7.375%
14MAY2026 1,151,000 - (1,151,000) -
METINVEST BV SER REGS (REG)
(REGS) 7.75% 23APR2023 1,156,000 - (1,156,000) -
MN MINING/ENERGY RESOURC SER
REGS (REG) (REG S) 9.25%
15APR2024 597,000 - (597,000) -
OIL & GAS HOLDING SER REGS
(REG) (REGS) 7.625% 07NOV2024 838,000 - (838,000) -
REPUBLIC OF COLOMBIA (REG) 4.5%
15MAR2029 - 265,000 - 265,000
REPUBLIC OF EL SALVADOR SER
REGS (REG) (REG S) 8.25%
10APR2032 - 686,000 - 686,000
REPUBLIC OF INDONESIA (REG)
4.75% 11FEB2029 - 1,500,000 (800,000) 700,000
REPUBLIC OF KENYA SER REGS
(REG S) 7% 22MAY2027 - 800,000 (800,000) -
REPUBLIC OF NIGERIA SER REGS
(REG S) 7.625% 21NOV2025 1,410,000 200,000 (200,000) 1,410,000
REPUBLIC OF SRI LANKA SER REGS
(REG) (REG S) 6.85% 14MAR2024 2,095,000 - (2,095,000) -
REPUBLIC OF UZBEKISTAN SER
REGS (REG) (REG S) 4.75%
20FEB2024 - 830,000 (830,000) -
REPUBLIC OF UZBEKISTAN SER
REGS (REG) (REG S) 5.375%
20FEB2029 - 1,060,000 - 1,060,000
STATE OF QATAR SER REGS (REG S)
4.5% 23APR2028 - 1,000,000 - 1,000,000
UNITED MEXICAN STATES (REG)
3.75% 11JAN2028 - 835,000 (250,000) 585,000
YES BANK IFSC BANKING SER EMTN
(REG) (REG S) 3.75% 06FEB2023 1,214,000 - (1,214,000) -
埃及
ARAB REPUBLIC OF EGYPT SER
REGS (REG S) 5.75% 29MAY2024 - 600,000 (600,000) -
BANQUE CENT DE TUNISIE SER
REGS (REG) (REG S) 5.75%
30JAN2025 1,560,000 - (1,560,000) -
BARBADOS GOVT OF SER REGS
(REG) (REG S) 6.5% 01OCT2029 - 300,200 (300,200) -
CHILE (REP OF) (REG) 3.25%
14SEP2021 - 2,000,000 (2,000,000) -
名义值（美元）
二零二零年 增添 减少 二零二零年
一月一日 六月三十日
挂牌债券（续）
埃及（续）
EGYPT (ARAB REP OF) SER REGS
5.875% 11JUN2025 1,560,000 - (843,000) 717,000
FUTURE RETAIL LTD SER REGS
(REG) (REG S) 5.6% 22JAN2025 - 1,000,000 (1,000,000) -
GEORGIA (REP OF) SER REGS (REG)
6.875% 12APR2021 1,567,000 - (400,000) 1,167,000
ICD FUNDING LTD (REG) (REG S)
4.625% 21MAY2024 1,508,000 - (400,000) 1,108,000
JORDAN (KINGDOM OF) SER RegS
(REG) 6.125% 29JAN2026 1,140,000 - (1,140,000) -
MEXICO (UTD STATES OF) (REG)
3.9% 27APR2025 - 840,000 (840,000) -
PERUSAHAAN LISTRIK NEGAR SER
REGS (REG S) 3% 30JUN2030 - 830,000 - 830,000
PETRONAS CAPITAL LTD SER REGS
(REG) (REG S) 3.5% 21APR2030 - 800,000 - 800,000
REPUBLIC OF GHANA SER REGS
(REG S) 6.375% 11FEB2027 - 2,260,000 (2,260,000) -
REPUBLIC OF GUATEMALA SER
REGS (REG) (REG S) 4.9% 01JUN2030 - 975,000 - 975,000
REPUBLIC OF PARAGUAY SER REGS
(REG) (REG S) 4.95% 28APR2031 - 400,000 - 400,000
REPUBLIC OF SENEGAL SER REGS
8.75% 13MAY2021 247,000 - (247,000) -
SRI LANKA (REP OF) SER REGS (REG)
6.85% 03/11/2025 - 2,400,000 (2,400,000) -
STATE OF QATAR SER REGS (REG S)
3.4% 16APR2025 - 483,000 - 483,000
UKRAINE (GOVT OF) SER REGS
(REG) (REGS) 7.75% 01SEP2023 666,000 - (666,000) -
加纳
GHANA (REP OF) SER REGS 7.875%
07AUG2023 1,844,000 - (1,844,000) -
香港
AGILE GROUP HOLDINGS LTD (REG)
(REG S) VAR PERP 31DEC2049 1,000,000 - - 1,000,000
MODERN LAND CHINA CO LTD
(REGS) 7.95% 05MAR2021 300,000 - (300,000) -
SUN HUNG KAI PROP (CAP) SER
EMTN (REG) (REG S) 2.75%
13MAY2030 - 900,000 (900,000) -
印度尼西亚
INDONESIA (REP OF) SER REGS
(REGS) 4.75% 08/01/2026 - 1,540,000 (1,540,000) -
毛里求斯
LIQUID TELECOM FINANCE SER
REGS (REG) (REG S) 8.5% 13JUL2022 821,000 337,000 (1,158,000) -
名义值（美元）
二零二零年 增添 减少 二零二零年
一月一日 六月三 十日
挂牌债券（续）
墨西哥
MEXICO (UTD STATES OF) (REG)
3.25% 16APR2030 - 500,000 - 500,000
尼日利亚
ECUADOR (REP OF) (REG S) 7.95%
20JUN2024 2,002,000 - (2,002,000) -
IVORY COAST (GOVT OF) SER REGS
5.375% 23JUL2024 753,000 - (753,000) -
IVORY COAST (GOVT OF) SER REGS
6.375% 03MAR2028 1,013,000 1,150,000 (1,013,000) 1,150,000
MTN MAURITIUS INVST SER REGS
4.755% 11NOV2024 1,141,000 - (1,141,000) -
NIGERIA (REP OF) SER REGS 6.375%
12JUL2023 875,000 - (875,000) -
SOCIALIST REP OF VIETNAM (REG S)
4.8% 19NOV2024 - 2,000,000 (2,000,000) -
TBG GLOBAL PTE LTD (REGS) 5.25%
10FEB2022 1,123,000 - (1,123,000) -
菲律宾
PHILIPPINES (REP OF) 4PCT
15/01/2021 - 2,000,000 (2,000,000) -
塞内加尔
SENEGAL (REP OF) SER REGS (REGS)
6.25% 30JUL2024 2,078,000 - (2,078,000) -
塞尔维亚
SERBIA (REP OF) (REGS) (REG) 7.25%
28/09/2021 2,014,000 - (400,000) 1,614,000
突尼斯
ARAB REPUBLIC OF EGYPT SER 144A
6.125% 31JAN2022 523,000 - (523,000) -
COMMONWEALTH OF BAHAMAS
SER REGS (REG) 5.75% 16JAN2024 1,097,000 - (200,000) 897,000
GMR HYDERABAD INTERNATIO SER
REGS (REGS) 4.25% 27OCT2027 357,000 - (357,000) -
ISLAMIC REP OF PAKISTAN SER
REGS (REG) (REG S) 6.875%
05DEC2027 - 1,120,000 - 1,120,000
KUWAIT INTL BOND SER REGS (REG
S) 2.75% 20MAR2022 - 1,600,000 (1,600,000) -
MONGOLIA INTL BOND SER REGS
10.875% 06APR2021 1,546,000 - (1,546,000) -
OIL & GAS HOLDING SER REGS
(REGS) 7.5% 25OCT2027 - 500,000 - 500,000
PETROAMAZONAS EP SER REGS
(REG) 4.625% 06NOV2020 400,000 - (400,000) -
PUMA INTERNATIONAL FINA SER
REGS (REG S) 5.125% 06OCT2024 1,231,000 - (1,231,000) -
REPUBLIC OF AZERBAIJAN SER
REGS (REG) (REGS) 4.75% 18/03/2024 1,660,000 - (1,660,000) -
名义值（美元）
二零二零年 增添 减少 二零二零年
一月一日 六月三 十日
挂牌债券（续）
突尼斯（续）
REPUBLIC OF AZERBAIJAN SER REGS
3.5% 01SEP2032 - 1,400,000 - 1,400,000
REPUBLIC OF COLOMBIA (REG) 3.875%
25APR2027 - 1,400,000 (500,000) 900,000
REPUBLIC OF EL SALVADOR SER REGS
(REG) 5.875% 30JAN2025 2,028,000 - (1,534,000) 494,000
REPUBLIC OF IRAQ SER REGS 6.752%
09MAR2023 1,763,000 200,000 (750,000) 1,213,000
REPUBLIC OF PARAGUAY SER REGS
(REG) 5% 15APR2026 - 1,000,000 - 1,000,000
UKRAINE GOVERNMENT SER REGS
(REG) 7.375% 25SEP2032 - 600,000 - 600,000
UNITED MEXICAN STATES 4.15%
28/03/2027 - 1,100,000 - 1,100,000
乌克兰
CBB INTL SUKUK PRGM SPC SER REGS
(REG S) 4.5% 30MAR2027 1,207,000 - (1,207,000) -
ESIC SUKUK LTD SER EMTN (REG S)
3.939% 30JUL2024 1,760,000 - (460,000) 1,300,000
PERUSAHAAN LISTRIK NEGAR SER
REGS (REG S) 3.875% 17JUL2029 - 430,000 - 430,000
UKRAINE RAIL (RAIL CAPL) (REG)
(REG S) 8.25% 09JUL2024 600,000 500,000 (400,000) 700,000
US TREASURY BILL 0% 10SEP2020 - 2,000,000 (2,000,000) -
US TREASURY BILL 0% 18JUN2020 - 2,100,000 (2,100,000) -
美国
SANDS CHINA LTD SER REGS (REG S)
4.375% 18JUN2030 - 1,500,000 - 1,500,000
越南
VIETNAM (REP OF) (REGS) (REG) 6.75%
29JAN2020 521,000 - (521,000) -