Unusual toy hunt

[Feyrhausen]

Ok so I am looking for proof this toy exists. Google has been no help. It was from 1997 and it was a Toy Biz special edition celebrating the return of Hong Kong to China. I saw it in a Toys R Us plus Wizard or Toyfare had a blurb mentioning it because WTF. Pretty sure it was a Spider Man action figure with 2 flags.

All Google results in is some Star Wars toys that also celebrated Hong Kong.

[Ultimo Gallos]

I know whoever had the Batman license back then made a figure like that.