BEIJING -- China's stock index futures opened higher Friday, with the contract for settlement in October, the most actively traded, up 4.8 points to open at 2,318.2.
The contract for settlement in November rose 4 points to open at 2,330, and the December contract opened at 2,346.4, up 6 points. The contract for settlement in March 2013 went up 1 point to open at 2,379.6.
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 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.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
