China's Hushen 300 index futures closed higher Wednesday, with the contract for November 2017 up 0.71 percent to finish at 3,967 points.

The December 2017 contract gained 0.74 percent to close at 3,960.8 points. The March 2018 contract was up 0.69 percent to finish at 3,954 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from either gains or 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 contracts at 3,399 points.