"After three years of work we have completed the establishment of a mechanism of trade pricing. It will be officially launched within two months," Yan Dongsheng said at a conference.
The SREB includes countries situated on the ancient Silk Road route, connecting Central Asia, West Asia, the Middle East and Europe.
The board chairman explained that the mechanism would streamline and standardize international trade protocols within the SREB, opening new international service centers along the route to integrate markets and supporting investors at regional stock exchanges.
The Bohai Commodity Exchange currently trades some 70 commodities, including oil, metals and agricultural products. It is the only Chinese mainland exchange allowed to do cross-border national currency trading.