It is a "Thrift for National Construction" savings bond for 10,000 yuan ("dollars") issued jointly by the Central Trust Bureau, the Bank of China, and the Bank of Communications.
Unfortunately, the bond was not flat when you photographed it and parts of it, including the date, are too blurred for me to read.
The bond was issued sometime during the 1940's.
I did a quick search of Chinese websites to see if I could find a specimen of your bond. I was not successful but the second bond at this website is similar to yours except for the denomination (50 yuan).
Also, if you look at the fourth bond from the top at this Chinese website, you will see the top portion of your 10,000 yuan bond.
Gary
Unfortunately, the bond was not flat when you photographed it and parts of it, including the date, are too blurred for me to read.
The bond was issued sometime during the 1940's.
I did a quick search of Chinese websites to see if I could find a specimen of your bond. I was not successful but the second bond at this website is similar to yours except for the denomination (50 yuan).
Also, if you look at the fourth bond from the top at this Chinese website, you will see the top portion of your 10,000 yuan bond.
Gary






















