China's securities regulator approves trading of LPG futures, options

China's top securities regulator said Thursday it has given the green light to the trading of liquefied petroleum gas (LPG) futures and options.

The trading of LPG futures will be launched on the Dalian Commodity Exchange starting from March 30, the China Securities Regulatory Commission (CSRC) said in a statement.

Trading of the futures and options will help provide enterprises with price signals and effective risk management tools, and will boost the steady and sound operation of the sector.

The CSRC has asked the exchange to make full preparations to ensure the steady operation of the trading.

China is currently the world's largest importer and consumer of LPG, an important type of clean energy and raw chemical materials, according to the statement.