1935年2月,申新七厂因未能偿还汇丰银行借款被公开拍卖,引发了社会各界的强烈反映。迫于舆论压力,南京国民政府直接与汇丰银行磋商,迫使汇丰银行取消拍卖,与申新重订借款协议。申七事件充分显现政府、银行与民营企业之间的复杂关系,外债成为它们之间互相博弈的载体。30年代高涨的民族主义情绪无疑是影响申七事件发展进程的社会心理因素。 In February 1935, the Shenxin VII factory was auctioned off for failure to repay HSBC loans, triggering a strong reaction from all walks of life. Under pressure from public opinion, the Nanjing National Government directly negotiated with HSBC forcing HSBC to cancel the auction and renew its loan agreement with Shin Shin. The seven incidents fully revealed the complicated relationship between the government, banks and private-owned enterprises, and the foreign debt became the carrier of their mutual game. The rising nationalistic sentiment in the 1930s is undoubtedly a social and psychological factor that affects the development of the Shen-7 incident.