China's stock index futures opened higher Thursday with the contract for settlement in September, the most actively traded, up 1.32 percent to open at 2,920 points.

The October contract rose 1.33 percent to open at 2,931 points, while the December contract opened at 2,950 points, up 0.81 percent from the previous trading.

The contract for settlement in March 2011 was up 0.66 percent to open at 2,976 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from both gains and declines in the market.

The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.