The contract for settlement in December 2018 opened 0.05 percent lower at 97.57 yuan (about 14.26 U.S. dollars). The contract for settlement in March 2019 opened at 97.21 yuan, 0.53 percent lower from the previous close.
The contracts are agreements to buy or sell treasury bonds at a predetermined price on a set date. They allow investors to bet on and profit from the movements in the value of the bonds.
The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange and started trading on Sept. 6, 2013.