China's five-year treasury bond futures opened mixed on Thursday.

The contract for settlement in March 2017 has no trading.

The contract for settlement in December 2017 opened flat at 97.490 yuan (14.8 U.S. dollars). The contract for settlement in TF1803 had no trading at opening.

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.