In Baise, Guangxi Zhuang Autonomous Region in southwestern China, residents lined up early to exchange the 2026 Year of the Horse commemorative coins and banknotes, treating the release as a New Year ritual. Some collectors arrived before dawn at local banks hoping to be among the first to secure the limited issues and to add a festive keepsake to their collections.

For many, the appeal goes beyond collecting. Enthusiasts say they chase first-release pieces and lucky serial numbers, and swapping the new coins and notes has become a way to mark the new year and share the excitement with family and friends.

According to a notice from the People’s Bank of China, the nationwide issue for both the 10-yuan commemorative coin and the 20-yuan commemorative banknote is 100 million units each. Each person may reserve and exchange up to 20 coins and 20 banknotes.