September 17 -- China Export and Credit Insurance Corporation’s (CECIC) short-term export credit insurance premiums leapt 107.2 percent year-on-year to $104.39 billion as of September 15, reports China Securities Journal.
CECIC provided short-term export credit insurance for $42.3 billion worth of exports from China to emerging economies in the first eight months of 2010, up 91.2 percent year-on-year.
As of September 14, CECIC generated insurance premiums of $126.93 billion, 1.1 times the insurance premiums for 2009, of which export credit insurance premiums jumped 113.6 percent year-on-year to $110.19 billion.
Shares of Ping An Insurance (Group) of China (601318, 2318.HK) dropped 0.35 percent to close at 48.76 yuan today.
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