Here's my Shenmue Save Converter, so you can load your completed Shenmue 1 (US/JAP) save on Shenmue 2 (PAL), to continue the story.
Using the converter is pretty simple: browse and select your Shenmue 1 savefile, press "A", and then select the destination VMU to save the fixed PAL Shenmue save.
If everything went fine, you'll be able to start Shenmue 2 using your Shenmue 1 save, keeping your money, prizes and moves learned.