200 Yuan Bank of Rehher Sheeng

The Bank of Rehher Sheeng — Rehe Province Bank in standard romanization — was a Communist-administered regional issuer operating in what is now the border zone between Hebei, Liaoning, and Inner Mongolia. By 1947, the province was a contested rear-supply corridor during the final phase of the civil war, and notes like this circulated in conditions where institutional banking infrastructure barely existed.

The Pick S-prefix places this firmly in the Chinese provincial and local issues sequence — "S" denoting special or local authority rather than a central government mandate. High-denomination regional notes from this period were typically absorbed, demonetized, or simply discarded once the People's Bank of China consolidated currency after 1948, which accounts for the general scarcity of surviving examples across the entire Rehe series.