A member of the CPPCC National Committee named Zong Licheng, vice chairman of the Federation of Industry and Commerce in Shandong Province, presented a proposal that the 500 yuan or 1,000 yuan paper currency can be issued to meet the needs of economic and social development and reduce the cost of currency in circulation, Beijing Morning Post reported.

He holds that large-denomination currency is portable and can save paper and time in circulation.

Responding to the doubt that the deed may trigger inflation, he said that as the total currency remains the same the internal structural change has no necessary connection with inflation.

Based on economic growth, people's income, price hike and other factors, referring to the condition of large-denomination bills in developed countries, China can issue 500 yuan bills at first and 1000 yuan bills later depending on the circumstances, he said.

(China.org.cn March 6, 2012)

據《北京晨報》報道，全國政協委員、山東工商聯副主席宗立成提案建議，發行500元或1000元面額人民幣，以滿足經濟社會發展需要，降低貨幣流通成本。

他認為，大面額人民幣便于攜帶，可減少流通環節時間，并節約紙張。

針對其可能引發通貨膨脹的質疑，他表示，貨幣發行總量保持不變，只是內部結構變化，與通貨膨脹無必然聯系。

他說，根據經濟增長、居民收入、物價上漲等因素，參照發達國家大面額鈔票，中國可先發行500元面值人民幣，再根據情況發行1000元人民幣。