5000 Yuan Central Bank of China

By 1945 the Central Bank of China was printing notes in quantities that made individual denomination management essentially meaningless. Wartime inflation had been compounding since the outbreak of hostilities with Japan in 1937, and the 5000 Yuan note — unthinkable in value just a few years earlier — was itself obsolete within months of issue. Chung Hwa Book Company, primarily a Shanghai publishing house that had taken on government printing contracts, produced the note domestically at a time when foreign printers were inaccessible.

Liang Ping served as Governor; Chen Jubang as Vice Governor. Their tenure coincided with the period of most acute monetary deterioration before the full collapse that followed in 1948–49.