200 Cash Hunan-Hupeh-Kiangsi Worker's and Farmer's Bank; blue-green

The Hunan-Hupeh-Kiangsi Soviet was one of the more durable of the Chinese Communist base areas, operating under He Long and Xiao Ke in the Jinggang-adjacent highlands after the collapse of the Nanchang and Autumn Harvest uprisings. Notes issued under this authority were purely internal instruments — the Soviet ran its own grain procurement, arms acquisition, and wage system entirely outside Nationalist monetary control. The 200 Cash denomination addressed day-to-day transactions at a scale where silver coinage was impractical to distribute.

Paper quality varied considerably across the 1931–1933 issue window, reflecting the blockade conditions under which the Soviet operated. Kuomintang encirclement campaigns progressively choked supply lines, and later printings show it.