The mint was originally established as Shanghai Mint in Shanghai in 1920.
In 1928, Northern Expedition forces led by the Kuomintang took over Shanghai, and the Shanghai Mint was renamed Central Mint of China and became the subordinate of Ministry of Finance. Australian-Chinese merchant George Kwok Bew was appointed head of the CMC. Kwok was an associate of Sun Yat-sen and also managing director of Wing On. Five years later in 1933, the company started its operation in minting. During the Second Sino-Japanese War, the company had to be relocated inland of Mainland China in which facilities were set up in Chengdu, Guilin, Kunming, Lanzhou and Wuchang. In 1946 after the National Revolutionary Army won the war against the Japanese, the company relocated back to Shanghai.[1]
In 1949, in the later stages of the Chinese Civil War, Shanghai was taken over by Communist forces. Part of the CMC was evacuated to Taiwan, while the remaining equipment and personnel were received by the Communist military administration in May 1949 and reorganised as "the People's Mint", now the Shanghai Mint, a subsidiary of China Banknote Printing and Minting.
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