China stock index futures open higher Wednesday

0 CommentsPrint E-mail Xinhua, December 15, 2010
Adjust font size:

China's stock index futures opened higher Wednesday. The contract for settlement in December, the most actively traded, opened 2.4 points higher at 3,279.6.

The January 2011 contract opened 0.6 points higher at 3,317.4 while the contract for settlement in March 2011 opened at 3,399, up 29.8 points from the previous trading.

The contract for settlement in June 2011 opened at 3,442.8, up 9 points.

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

The index futures were 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 four contracts at 3,399 points.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter