BEIJING, March 19 (Xinhua) -- China's Hushen 300 index futures opened lower on Friday, with the contract for settlement in March 2021 opening 0.99 percent lower at 5,072 points.
The April 2021 contract opened 1.12 percent lower at 5,016 points. The June 2021 contract opened 1.09 percent lower at 4,950 points. The September 2021 contract opened 1.07 percent lower at 4,860.80 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.