10 Yuan / Dollars Bank of China

The Bank of China was itself newly established in 1912, reconstituted from the Qing dynasty's Da-Qing Bank by the incoming Republican government. This note was issued in the institution's first full year of operation under that name, during a period when the Republican administration was still negotiating its monetary footing and heavily reliant on foreign printing houses for security paper.

The American Bank Note Company contract reflects a broader pattern: Chinese financial institutions of the period routinely contracted ABNC not just for printing quality but because foreign-engraved notes were harder to counterfeit domestically. Pick 29A is the Tientsin branch issue, distinguished by the place-of-payment overprint rather than anything in the plate itself.