In May 1938, Xiamen fell. In order to realize their deadly plan of "controlling China with China", the Japanese invaders bought and collected national scum everywhere, so on June 20, they established the pseudo "Xiamen Public Security Committee". 1in March, 939, the Japanese invaders found another puppet named Li Sixian, who served as the president of the legal department in Xiamen before the Anti-Japanese War, and later recognized the thief as his father. 1July, 939, served as the mayor of the special city. Subsequently, under the control of Japanese Xingya Research Institute, Li Sixian issued the "Xiamen Special Municipal Government" circulation voucher, which was rejected by the public. 1On February 6, 940, the Japanese puppet government invested 800,000 yuan to instruct Yin Xuefu, Jin to organize "Xiamen Bank" and issue paper money.

Xiamen Ye Quan Bank opened on February 1940 and 16, 2006, and was jointly established by Yin Xuepu, the first chairman and manager, and Chen Changfu. After Yin stepped down, (pseudo-mayor) became the chairman and Wu Ruikun became the manager.