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July 29 (Reuters) – China’s securities regulator has approved soybean and soybean oil options trading on the Dalian Commodity Exchange, it said on Friday.
Options trading for Dalian Stock Exchange soybean contracts and its soybean oil contract will begin on August 8, the China Securities Regulatory Commission (CSRC) said in a statement.
Jit adds to the exchange’s existing agricultural commodity options such as soybean meal, corn, and palm olein. The Dalian Stock Exchange also has options for other contracts such as iron ore and liquefied petroleum gas.
China is the world’s largest importer of soybeans and the largest consumer of various raw materials.
The country has gradually increased the number and variety of its commodity derivatives, including opening some of them up to foreign participants, as part of efforts to increase its pricing power.
China also has options on the Shanghai Futures Exchange for crude oil, copper and aluminum, while its Zhengzhou Commodity Exchange offers options on cotton, rapeseed meal and thermal coal.
(Reporting by Emily Chow and Beijing Newsroom; editing by David Goodman and Jason Neely)
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