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China Hushen 300 index futures open higher Wednesday

Xinhua, April 20, 2016 Adjust font size:

China's key Hushen 300 index futures opened higher Wednesday, as the contract for settlement in May opened 0.5 percent higher at 3,206 points.

The June contract opened 0.6 percent higher at 3,166.2 points. The September contract opened 0.3 percent higher at 3,044.2 points. The December contract grew 0.5 percent to open at 2,969.8 points.

The stock-index contracts, agreements to buy or sell the blue-chip Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.

The index futures were launched at the China Financial Futures Exchange and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points. Endi