BEIJING, Jan. 16 (Xinhua) -- China's Hushen 300 index futures opened lower on Tuesday, with the contract for settlement in January down 0.33 percent to open at 4,220 points.
The February contract opened 0.36 percent lower at 4,220.2 points. The March contract opened 0.26 percent lower at 4,224.8 points. The June contract opened 0.51 percent lower at 4,214 points.
The stock-index contracts, agreements to buy or sell the blue-chip Hushen 300 Index at a preset 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.
(This article is generated by Xinhua News Robot.)
