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500 Yuan Chinese Soviet Republic

Issuer Tung Pei Bank of China
Year 1947
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Shape Rectangular
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Reverse description The reverse is printed entirely in red on a cream paper ground. A central vignette presents a multi-storey Western-style bank building set within a fine guilloche framework, flanked symmetrically by two large numeral panels each bearing '500' within octagonal guilloche borders. The outer border consists of a dense lace-pattern underprint with repeated denomination numerals, and the legend 'TUNG PEI BANK OF CHINA' arches across the top, while 'FIVE HUNDRED YUAN' and the year '1947' appear in a cartouche at the base.
Reverse lettering TUNG PEI BANK OF CHINA
FIVE HUNDRED YUAN
1947
500
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The Tung Pei Bank of China was established in 1945 following Soviet-backed Communist forces' takeover of Manchuria after Japan's surrender — the bank functioned as the financial arm of the Communist administration in the northeast before the People's Republic existed. This 500 Yuan note dates to 1947, a year of intense fighting in the Manchurian campaign when the Nationalist-Communist struggle for control of the region was at its most violent and logistically complex.

The "Chinese Soviet Republic" designation in the series name is somewhat misleading for this issue — by 1947, the framing was less ideological branding than regional administrative nomenclature carried over from earlier Communist financial structures in the northeast.

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