Obviously this badge was designed after the order of Striped Tiger.
Because of the positioning of the yin-yang symbol it looks like a Shinminkai award https://asiamedals.info/threads/new-peoples-society-of-the-republic-of-china-shinminkai-badges.26468/ but since New People's Society of the...
1937 creating a new shanghai after the war medal
1937年戰後創造新上海紀念章
dadao government badge
dadao governmentmedal
dadao municipalgovernmentofshanghaimedalgreatwaymunicipalgovernmentofshanghai badge
greatwaymunicipalgovernmentofshanghaimedal
japanese puppet state badge
japanese puppet state medal
戰後創造新上海紀念章