China's stock index futures open lower Thursday

BEIJING, Nov. 8 (Xinhua) -- China's stock index futures opened lower on Thursday, with the contract for settlement in November, the most actively traded, down 17 points to open at 2,275.

The contract for settlement in December moved down 13 points to open at 2,290.6, while the March 2013 contract opened at 2,324.8, down 10.8 points. The contract for settlement in June 2013 opened 16.6 points lower at 2,348.8.

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.

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