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China stock index futures open mixed Monday

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BEIJING, April 20 (Xinhua) -- China's stock index futures opened mixed on Monday, with the contract for settlement in May, the most actively traded, down 37.8 points at 4,588.4.

The contract for settlement in June opened 25.6 points lower at 4,609. The September contract opened 16.4 points higher at 4,646.2. The December 2015 contract opened 2.2 points higher at 4,632.

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.

Editor: Song Miou

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