Agricultural Bank of China

The move comes at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.

Unlike cryptocurrencies, which use distributed ledgers and strong cryptography to capture details of coin ownership and transaction, PBOC favours a centralised ledger model that will record and monitor transactions.

(Aug 30): Resilient economic growth and a government campaign against excessive leverage are helping China’s largest banks, curbing their bad loans and underpinning their net interest margins.

SHANGHAI/HONG KONG (March 31): The bad-loan challenge for China’s biggest banks, which worsened steadily over much of the first half of the decade, may finally be easing.

HONG KONG (March 14): Baijing Yu was raised by two generations of Chinese bankers and talks with pride about her family’s contributions to the nation’s financial system over nearly seven decades.

SINGAPORE (Oct 3): The profession of providing tender loving care to the wealth of the world's rich people is heading for its annus horribilis. Private bankers in Asia could deal with 2017 -- and the headaches the year will bring -- by following one s

SHANGHAI (Sept 7): China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking

SINGAPORE (Sept 5): China’s banks, which dialled down fundraising efforts this year even as bad debts swelled, are making up for lost time.