China treasury bond futures up on Wednesday

China's treasury bond futures closed higher on Wednesday, with the contract for settlement in December edged up 0.15 percent to 93.694 yuan (15.25 U.S. dollars).

The contract for settlement in March 2015 added 0.16 percent to close at 94.13 yuan. The contract for settlement in June 2015 was up 0.08 percent to 94.418 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and 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.