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China has approved the launch of liquefied petroleum gas (LPG) futures and options on the Dalian Commodity Exchange, the first time the derivatives will debut nearly simultaneously on a Chinese commodities exchange.
The China Securities Regulatory Commission announced the approvals on Thursday and said the LPG futures contract will be launched on March 30, with trading in LPG options to begin the following day.
The move comes as China has been increasing efforts to internationalise its commodities markets, and is expected to give investors the tools to navigate the volatility caused by the coronavirus pandemic . . .
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