  We report a search for new physics signals using the low energy electron
recoil events in the complete data set from PandaX-II, in light of the recent
event excess reported by XENON1T. The data correspond to a total exposure of
100.7 ton-day with liquid xenon. With robust estimates of the dominant
background spectra, we perform sensitive searches on solar axions and neutrinos
with enhanced magnetic moment. We find that the axion-electron coupling
$g_{Ae}<4.6\times 10^{-12}$ for an axion mass less than $\rm 0.1~keV/c^2$ and
the neutrino magnetic moment $\mu_{\nu}<4.9\times 10^{-11}\mu_{B}$ at 90%
confidence level. The observed excess from XENON1T is within our experimental
constraints.
