BEIJING, Dec. 29 (Xinhua) -- China's key Hushen 300 index futures opened higher on Friday, with the contract for settlement in January 2018 up 0.12 percent at 4,035 points.

The February 2018 contract opened 0.16 percent higher at 4,041.4 points. The March 2018 contract opened 0.25 percent higher at 4,046 points. The June 2018 contract opened 0.16 percent higher at 4,049 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.