BEIJING -- China's Hushen 300 index futures opened higher on Wednesday, with the contract for settlement in August 2020 opening 0.08 percent higher at 4,519.2 points.

The September 2020 contract opened 0.16 percent higher at 4,497.4 points. The December 2020 contract opened 0.01 percent higher at 4,436 points. The March 2021 contract opened 0.1 percent higher at 4,413 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.