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5 Fen / Cents

Issuer Central Bank of China, Tsingtao Branch
Year 1949
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Reference(s) P#431
Obverse description Printed in red on white paper, the obverse presents a vignette of the Qingdao pier stretching across a coastal landscape with mountains in the background, rendered in fine letterpress line work. The bank title 行分島青行銀央中 (Central Bank of China Tsingtao Branch) is inscribed across the top, with the denomination 分伍 (Five Fen) set within a decorative floral cartouche at the right. A serial number panel appears at upper left and upper right, flanking the central vignette within a fine-line border frame.
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Reverse lettering THE CENTRAL BANK OF CHINA
FIVE CENTS
TSINGTAO BRANCH
1949
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Comments

The Central Bank of China's Tsingtao Branch issues occupy a narrow and turbulent window — early 1949, when the Nationalist government was losing ground rapidly across the mainland. Branch-issued notes of this period reflect an administrative scramble: regional offices were authorized to issue low-denomination paper as the central monetary system fragmented under hyperinflationary pressure and military collapse.

Tsingtao itself fell to the People's Liberation Army in June 1949, making the operational lifespan of any note from this branch exceptionally short. Most circulated only weeks before becoming worthless.

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