1 Yuan The Sino-Scandinavian Bank

The Sino-Scandinavian Bank was a Sino-foreign joint venture established in Beijing in 1919 with Danish and Norwegian financial backing — one of several foreign-affiliated banks operating in China under the treaty port system that allowed such institutions to issue their own circulating notes. Its lifespan was short; the bank had effectively ceased meaningful operations by the mid-1920s, which keeps surviving note issues scarce relative to the major foreign banks of the period.

Printing by the Bureau of Engraving and Printing in Peking rather than a European security printer was unusual for a foreign-affiliated bank of this vintage — most contemporaries contracted De La Rue or Waterlow. The year notation follows the Republic of China calendar, year 11 corresponding to 1922.