Faced with financial instability and fiscal difficulties, Wuhan National Government issued the Cash Centralization Order in April 1927, which aimed to rectify the order of financial market with funds central management. However, an unprecedented financial crisis resulted from the implementation of the ordinance which violated the laws of the market economy. The currency, bonds and exchange market in Hankou were out of order. Growing in intensity, the financial agitation in Hankou severed its financial relations with Shanghai. Hankou was left in isolation by domestic and international financial network. Meanwhile, the remittance between Hankou and Shanghai went underground and enduringly disclosed the fluctuation of Hankou economy.