China stock index futures open lower Thursday

BEIJING, Nov. 15 (Xinhua) -- China's stock index futures opened lower on Thursday, with the contract for settlement in November down 13.4 points to open at 2,206.

The contract for settlement in December, the most actively traded, opened 6.2 points lower at 2,221.4.

The contract for settlement in March 2013 opened 6.4 points lower at 2,255.2, while the contract for settlement in June 2013 opened 11.6 points lower at 2,278.6.

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 (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.

We recommend:
A Decade of Fastest Development	Eastern Boom Lightens Western Gloom	Oct. data released, inflation slows
Gold collection issued to mark 'Year of Snake'	China: A Fast-growing Force in IPR	13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai	Caofeidian coal wharf put into use	Canton Fair wraps up on Sunday