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| 背面描述 | Predominantly monochrome reverse with an intricate guilloche pattern filling the central field, overlaid by large Chinese denomination characters 壹萬圓. Two handwritten signatures appear to the left and right of centre within the guilloche design. Denomination numerals 10000 are printed in Arabic figures at both lower corners, and lobed ornamental cartouches bearing the denomination in Chinese characters occupy each of the four corners. |
| 背面铭文 | 壹 萬 圓 (Translation: Ten Thousand Yuan) |
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By 1947, the Central Bank of China was printing notes in denominations that would have been unthinkable five years earlier. This 10,000 Yuan issue is a direct artifact of the hyperinflation that followed Japan's defeat — the Nationalist government's wartime deficit spending, funded largely by the note-issuing press, had already badly damaged public confidence in fabi, and the postwar demobilization costs made it worse. Monthly inflation rates through 1947 were running in double digits.
The bank's Shanghai printing plant handled this series domestically, unlike earlier high-value issues that had relied on American Bank Note or Dé La Rue. Within a year, the Gold Yuan reform of August 1948 would render the entire fabi series worthless at a conversion rate of 3,000,000 to 1.