The banknotes of the Da-Qing Bank were intended to become the main form of paper money of the Qing dynasty following the bank's establishment in 1905. The Da-Qing Bank had branches throughout China and many of its branches outside of its headquarters in Beijing also issued banknotes.
These banknotes were stipulated to become the only legal tender paper money in China in 1910, but due to the fall of the Qing dynasty in 1911 the Chinese currency system reverted to its original chaotic state during the early Republican era and the Da-Qing Bank would be reorganized as the Bank of China in 1912, which would continue to produce banknotes in Mainland China until 1942 and its Hong Kong branch is still one of the official note-issuing banks for the banknotes of the Hong Kong dollar today.