China stock index futures open lower Wednesday
BEIJING, July 10 — China’s stock index futures opened lower on Wednesday, business registration form in china with the contract for settlement in July, the most actively traded, down 16.2 points from the previous close to 2,117.0.
The contract for settlement in August lost four points to open at 2,106.6. The September contract fell 8.2 points to open at 2,095.4, and the December contract declined 3.6 points to open at 2,109.0.
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.