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Pan-Asian model is the use of new investor money to pay commission fees and short-term Japanese gold investors return to the old, and then the manufacture money the illusion of defrauding more investment, the demand for capital is increased by 20% per year. However, Pan Na Tan denied to the media analysis, and accused the report of being competitors, Na Tan misleading report itself there is an error, relevant comments aimed to suppress China Rare Metal Industry. Pan Asia has insisted that he is carrying out a national strategic reserve, while the foreign forces mustered domestic institutions malicious short China rare metals market, and is one of the reasons causing this crisis Pan attributed. According to Pan own analysis, led to the liquidity difficulties because: on the one hand because the relevant departments in accordance with regulatory requirements, the implementation of the Exchange T + 5 (after traders bought or sold the same variety of transactions after Sell Buy Time intervals of not less than 5 days) visible dealer business name or identity name) when the trading system and complete real-name system (transactions, direct inhibition of the market to function, but also the volume of transactions dropped significantly. Press the rectification requirements, cancel the sale transaction reporting model, so 40 billion in client assets to 100% can be liquid assets, liquidity risk is difficult to manage. On the other hand, it is because the use of other electronic trading center malicious short indium prices weighed on Chinese rare metals industry. According to the notice issued by the Pan Asia 'other trading center' refers to Wuxi stainless steel trading center. Wuxi Stainless Steel Exchange Center responded: indium prices fell sharply precisely because it is pan-Asian high stock exchanges caused panic in the market, Pan indium stock up to 3600 tons, from the actual needs of the huge amount of inventory, due to the industry risks and hazards are enormous. However, when the price of indium within a year fell 70%, the China Nonferrous Metals Industry Association issued a statement condemning or come forward Wuxi stainless steel trading center. China Nonferrous Metals Industry Association, the industry was seen by some as a move to a pan-Asian platform. But the insider view, China Nonferrous Metals Industry Association, the move out of fear that the collapse of Pan-Asian, 'They do not want trouble Pan out of trouble for investors and the market is not good.' According to the informed sources: after the accident Pan, Pan, chairman of a single nine-liang went in