With the advance of the revolution，Hubei began to face a financial shortage after the Wuchang Uprising. In order to relieve the financial dilemma，Hubei governor Li Yuanhong planned to borrow money from Japan with Hubei government-owned mines as collateral. To ensure Japan’s monopoly position in this area，Nishizawa Kimio，as Japanese stationed in Daye technician，actively instigated Japanese high-level activities of loan-launching. However，the plan was exposed by public opinion and eventually failed. At least three points can be found through the investigation of the negotiation activities between the two in the relevant Japanese references：Firstly，the Japanese technician Nishizawa Kimio actively engaged in the loan to Li in order to absolutely monopolize Daye iron mine. Secondly，in the early years of the Republic of China，although the Japanese Ministry of Foreign Affairs and the Ministry of Agriculture and Commerce had differences on China policy on the surface，it was logical for both sides to grab benefits from China. Thirdly，the awakening of patriotic consciousness of Chinese people and the strengthening of public opinion power during the Great Revolution were the principal reasons for preventing the establishment of the loan.