This China 1940 banknote of 50 Cents = 5 Chiao is graded 55PMG. This banknote is uncirculated and was manufactured in China. The banknote was certified by PMG, a grading service for paper currency. The 50 Cents banknote is a valuable piece and is a part of the paper money of the world. This banknote is a historical piece and is a must-have for any paper currency collector worldwide.