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China Hushen 300 index futures close lower Monday

Xinhua, August 29, 2016 Adjust font size:

China's Hushen 300 index futures closed lower Monday, with the contract for September 2016 down 0.1 percent to finish at 3,279.2 points.

The October 2016 contract fell 0.1 percent to close at 3,254.6 points. The December 2016 contract closed 0.16 percent lower at 3,210.4 points. The March 2017 contract lost 0.14 percent to end at 3,166 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset 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 was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the contracts at 3,399 points. Endi