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5 Yuan
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1940 |
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| Value | 5 Yuan |
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|---|---|
| Obverse lettering | 中央儲備銀行 伍圓 中華民國幣伍圓 中華國民二十九年印 |
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| Signature(s) | T.K. Chien (Vice Governor) and F.H. Chow (Governor) |
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| Comments |
The Central Reserve Bank of China was a creation of the Japanese-sponsored Wang Jingwei regime, established in Nanjing in early 1941 — which makes a 1940 date on this note an artifact of pre-opening authorization rather than actual issuance. The bank backdated its inaugural series to project institutional legitimacy it had not yet earned.
F.H. Chow (Zhou Fohai) was one of Wang Jingwei's closest collaborators and simultaneously ran covert negotiations with Chongqing. He was later sentenced to death as a traitor, commuted to life imprisonment, and died in custody in 1948.