China stock index futures open mixed Thursday
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China's stock index futures were mixed at their openings Thursday with the contract for settlement in August, the most actively traded, opening flat at 2,947.8.
The September contract opened higher at 2,965, up 0.6 points from the previous trading while the December contract opened flat at 3001.2.
The contract for settlement in March 2011 was up 0.6 points to open at 3,041.
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 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 four contracts at 3,399 points.
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