Shanghai exchange launches China's first index futures

China's first index futures contract ended its Friday debut on the Shanghai-based China Financial Futures Exchange (Cffex) up 0.49%, while the spot index declined 1.13%. Analysts say the launch of China's first stock index futures - along with a corresponding measure allowing investors to short-sell shares listed on the cash market - will enable investors to hedge their positions in the spot market for the first time.

Cffex has been engaged in mock trading of futures on its key CSI 300 index sin

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