200 Yuan Bank of Shansi, Chahar, & Hopei

The Bank of Shansi, Chahar & Hopei — more commonly abbreviated in Western catalogs as the BSCH — was a Communist-controlled regional bank operating in the Jin-Cha-Ji Border Region, one of the most strategically contested areas behind Japanese lines during the Second Sino-Japanese War. Its notes circulated in a zone that had no stable front line, where Nationalist, Communist, and Japanese puppet currencies all competed for acceptance simultaneously. A 200 Yuan denomination in 1945 reflects the inflationary pressure building across all Chinese currency systems in the final year of the war.

The BSCH was formally absorbed into the People's Bank of China at its founding in 1948, making its note issues a direct precursor to PRC currency rather than a dead-end wartime experiment.