1 Yuan Bank of China

The Bank of China's 1937 1 Yuan was printed by De La Rue in London at a moment when the institution's operational independence was already being compressed by Nationalist government pressure — the Bank of China had been effectively brought under Kuomintang financial control in 1935, when the government forced a shareholding restructuring to gain majority influence. This note belongs to the period immediately before the full disruption of the Second Sino-Japanese War, which would scatter Bank of China operations across multiple wartime offices and complicate distribution networks considerably.

De La Rue's involvement reflects the Bank of China's longstanding preference for British security printers, a relationship that predates the Republic.