directed by superiors or taken as an opportunity for local officials to file a case claiming credit and loyalty to Xi. Panama Papers case Panama Papers is a survey by the international press alliance (ICIJ) revealed some confidential documents, contains the law firm since the 1970 s about 21.4 offshore financial company listed in the detailed data of 11.5 million pens, revealed the national political figures, and powerful chaebol are deliberately hide, Undisclosed overseas assets. In September 2009, Mr. Deng became an independent director and shareholder of two British Virgin Islands shell companies. The two companies are known as Best Effect Enterprises Ltd and Wealming International Limited. Mossack Fonseca helped Deng obtain the former company seal. The purpose of the two companies is unknown. At the time, Mr. Xi was a member of the nine-member Politburo Standing Committee. When Xi Jinping was appointed general secretary of the Communist Party and paramount leader in November 2012, Deng's two companies were put on hold. The Chinese mainland's media rarely report on the word "Panama Paper", with keywords censored. Many Hong Kong and Taiwan media reported the incident and mentioned Xi's family. According to Hong Kong's Apple Daily, the two companies are registered at Jaffe Road in Hong Kong. The reporter came to the door according to the registered address and found that the door of the unit was no different from the general residence, and there was no information such as the name of any company posted. The reporter rang the doorbell but no one responded, and no sound could be heard inside the house. Neighbors said the unit is a general residence, "usually very rare, but it is someone to live with." Investment career In August 2009, Wanda Commercial Real Estate Co Ltd. (hereinafter referred to as Wanda Commercial), a subsidiary of Wanda Group, commissioned Galaxy Securities and China International Capital Corporation, the largest securities company in China at that time, to operate the private placement. The price of the private placement was 13 yuan per share, raising a total of more than 4 billion yuan, creating a new record for the private placement scale of China's private enterprises at that time. Among them, Qiqiao Bridge, along with Beijing Qinchuan Dadi Investment Co which is controlled by Deng Jiagui, and more than a dozen other companies participated in a private placement. Wanda Commercial now claims to be the world's largest commercial