BUSINESS China's coal industry reports steady growth in 2019

BUSINESS

China's coal industry reports steady growth in 2019

Xinhua

11:18, May 18, 2020

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(File photo: Xinhua)

BEIJING, May 18 (Xinhua) -- China's Hushen 300 index futures opened mixed on Monday, with the contract for settlement in June 2020 opening flat at 3,871.8 points.

The July 2020 contract opened 1.03 percent lower at 3,831.8 points. The September 2020 contract opened 0.12 percent lower at 3,775.2 points. The December 2020 contract opened 0.04 percent higher at 3,752.8 points.

The stock-index contracts, agreements to buy or sell the blue-chip 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 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.

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