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China Hushen 300 index futures open higher Monday

Xinhua, February 6, 2017 Adjust font size:

China's key Hushen 300 index futures opened higher on Monday, with the contract for settlement in February 2017 up 0.14 percent at 3,358 points.

The March 2017 contract opened 0.23 percent higher at 3,350.6 points. The June 2017 contract opened 0.28 percent higher at 3,311.2 points. The September 2017 contract opened 0.17 percent higher at 3,265 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. Endit