ecns [expanded by feedex.net]
ecns
China stock index futures open higher Monday
http://www.ecns.cn/business/2013/08-26/78587.shtml
Aug 26th 2013, 00:57
2013-08-26 09:57 Xinhua Web Editor: qindexing
China's stock index futures opened higher on Monday, with the contract for settlement in September, the most actively traded, opening 16.4 points higher at 2,300.2.
The contract for settlement in October opened 11.4 points higher at 2,299.0. The December contract gained 13.8 points to open at 2,308.2, while the March 2014 contract opened 8 points higher at 2,315.
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 (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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