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1 93 2年内债整理案对南京国民政府的债信无疑是一个较大的破坏 ,但考诸当时的财政、金融状况 ,整理债务是当时解决财政困难所能找到的最好办法。而且 ,该整理案的实施选择了“一·二八”事变后国难沉重的时刻 ,较顺利地被接受下来。内债整理案的成功减轻了政府的财政负担 ,避免了财政危机的发生 ;整理案后债市开始良性转型 ,推动社会游资从政府债券流向产业部门 ,有利于工商实业的发展 ;内债延期减息偿付 ,固然使银行等金融机构损失惨重 ,但客观上也起到了增强银行业风险意识的作用 ,促使银行业向管理现代化不断迈进。此次整理案的成功除选择了较好的时机 ,还与以江浙财团为主体的持票人会的支持分不开。当时江浙财团对国民政府的支持是有选择性的 ,他们支持以蒋介石和宋子文为首的国民政府 ,而拒绝支持孙科政府。江浙财团这种政治上的选择性除了“欺软怕硬”的本质外 ,更主要的原因在于以内债为纽带的江浙财团与蒋介石、宋子文国民政府政治、经济关系的密切。
However, considering the financial and financial conditions of the time and arranging debt repayments are the best ways to solve the financial difficulties at the time. Moreover, the implementation of the arranging case adopted the heavy state of the national tragedy after the January 28 Incident and was accepted more smoothly. The success of the internal debt consolidation case reduced the financial burden on the government and avoided the financial crisis. After the consolidation, the bond market began to make a benign transformation and promoted the flow of public funds from government bonds to the industrial sector, which is conducive to the development of industrial and commercial enterprises. Although it has caused heavy losses to banks and other financial institutions, it objectively also plays an important role in enhancing the risk awareness of the banking sector and has prompted the banking sector to make continuous progress toward the management of modernization. The success of the case in addition to the selection of a better time, but also with the Zhejiang consortia as the main ticket holder will be inseparable from the support. At that time, the consortium of Jiangsu and Zhejiang consulted with the Kuomintang government was selective. They supported the national government led by Chiang Kai-shek and Soong-son and refused to support the Sun-k’o government. The political selectivity of the Zhejiang and Zhejiang consortia is mainly due to the political and economic relations between Jiang Zhe and the consular governments of Chiang Kai-shek and Soong-wen.