China treasury bond futures open flat Wednesday

China's treasury bond futures opened flat on Wednesday, with contract for settlement in September opening at 93.99 yuan (15.27 U.S. dollars), unchanged from the previous close.

The contract for settlement in December opened 0.03 yuan lower at 94.4 yuan. The March 2015 contract was not traded at the opening.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on or profit from the movements in the value of the bonds.

The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange (CFFEX) and started trading on Sept. 6, 2013.