China stock index futures open higher - March 25

BEIJING -- China's stock index futures opened higher on Monday, with the contract for settlement in April, the most actively traded, up 5.2 points to 2,630.2.

The May and June contracts both rose 9 points to open at 2,630 and 2635.2, respectively, while the contract for settlement in September jumped 13.2 points to open at 2,645.6.

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 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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