Huaxing Commercial Bank

The Huaxing Commercial Bank or Huaxing Bank, sometimes transliterated Hua-Hsing (Chinese: 華興商業銀行), was a central bank of the Japan-supported Reformed Government of the Republic of China that governed the Jiangnan region of China during early years of the Second Sino-Japanese War. It started operations in Shanghai in May 1938, was reorganized as a mere commercial bank following the creation of the Central Reserve Bank in January 1941, and stopped operating in August 1945.

It was thus one of the "puppet" banks of issue established by the Japanese occupation forces, together with the Central Bank of Manchou (1932-1945), Mengjiang Bank (1937-1945), United Reserve Bank (1938-1945), and Central Reserve Bank (1941-1945).^[1]: 6