China stock index futures open flat - March 22

BEIJING - China's stock index futures opened flat on Friday, with the contract for settlement in April, the most actively traded, up 0.4 points to 2,613.2.

The contract for settlement in May remained unchanged from the previous trading day at 2,615.2, while the contract for settlement in June rose 1.8 points to open at 2,614.8. The contract for settlement in September was unchanged from the previous day at 2,617.

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.