100 Yuan Tung Pei Bank of China, purple-brown

The Tung Pei Bank of China was established in 1946 by the Chinese Communist Party to serve the Northeast (Manchurian) base areas wrested from Japanese occupation at the end of the war. It operated in direct competition with the Nationalist government's banking network, and its notes circulated in what was effectively a contested war economy — the same territory over which the decisive Liaoshen Campaign would be fought in 1948.

The 1947 high-denomination issues were produced under significant logistical pressure, and print quality across the series is notoriously inconsistent. This note was effectively obsolete within two years, superseded by the People's Bank renminbi in 1948–49 as Communist consolidation made regional currency systems redundant.