5 Yuan

The Chi Tung Bank was a puppet institution established in 1936 under Japanese auspices to serve the East Hebei Autonomous Council — a collaborationist buffer regime carved out of northern China below the Great Wall. Its notes were designed to displace Chinese legal tender currency in the occupied zone and fund Japanese military logistics without drawing directly on the Bank of Japan's reserves.

The 1937 dating places this note at the moment the full-scale Second Sino-Japanese War broke out, after which the East Hebei regime was absorbed into the broader Japanese-controlled North China structure. The Chi Tung Bank itself was wound down by 1938, making its entire note-issuing life exceptionally short.