10 Yuan

Fu Chang Bank (富昌銀號) was a private native bank — a qianzhuang — operating in Republican-era China, where hundreds of such institutions issued their own notes in parallel with government currency. The Pick 104B designation places this within a documented series, though Fu Chang was a minor issuer and surviving examples are genuinely scarce in any condition.

Private qianzhuang notes from this period were frequently rejected outside their local circulation zone, making hoarding or export unlikely. Most were redeemed and destroyed as larger government banks consolidated the currency supply through the 1930s, a process accelerated sharply after the 1935 fabi reforms.