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)

据《北京晨报》报道，全国政协委员、山东工商联副主席宗立成提案建议，发行500元或1000元面额人民币，以满足经济社会发展需要，降低货币流通成本。

他认为，大面额人民币便于携带，可减少流通环节时间，并节约纸张。

针对其可能引发通货膨胀的质疑，他表示，货币发行总量保持不变，只是内部结构变化，与通货膨胀无必然联系。

他说，根据经济增长、居民收入、物价上涨等因素，参照发达国家大面额钞票，中国可先发行500元面值人民币，再根据情况发行1000元人民币。