Chinese regulators have given the green light to the country’s first commodity ETFs amid an active push to launch more funds in the asset class.

The ChinaAMC Soybean Meal Futures ETF, the CCB Principal Asset Management Esunny ZCE Energy & Chemical Futures ETF and the Dacheng Fund Non-ferrous Metal Futures ETF have all been approved by the China Securities Regulatory Commission (CSRC).

The three ETFs will list on the Shenzen Stock Exchange (SZSE) and will track the Dalian Commodity Exchange Soybean Meal Futures index, the Esunny Zhengzhou Commodity Exchange Energy & Chemical index A and the Shanghai Futures Exchange Non-ferrous Metals Futures index, respectively.

The SSE said in a statement the move was significant as it will improve “the investor structure in the commodity futures market” by stabilising contact price.

The exchange commented: “[The launches] further promote the coordinated development of SZSE fund products and the futures market and enhances the ability of the capital market to serve the real economy."

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The move comes amid calls from the CSRC for the SZSE to actively step up efforts to launch more commodity futures ETFs such as a crude oil futures product.

This is the latest push from Chinese authorities to improve its ETF market. Earlier this year, China and Japan launched a cross-border investment scheme that will link the two countries’ markets, the Sino-Japan ETF connect.