China - Japanese Puppet States. CHINA (JAPANESE OCCUPATION): Reformed Government of China, 10 fen, year 29 (1940), Y-522, Hua Hsing Bank issue, PCGS graded MS64. Japanese Occupation issue of the Second Sino-Japanese War. The Hua Hsing Commercial Bank was established on 1 May 1939 by the Liang Hongzhi regime with Japanese support with its head office in Shanghai.