The announcement issued by Shanghai Public Security Bureau on April 6, 20 16 pointed out: After investigation, since July, 20 12, the "Admiralty" company with Xu Qin as the actual controller has invested in more than 50 registered subsidiaries in this city and other provinces and cities, controlled more than 0/00 limited partnerships, leased high-grade commercial premises and hired a large number of salesmen.
On the afternoon of April 1 1, many investors of Admiralty Asset Management (Shanghai) Co., Ltd. went to Shanghai TV Station to defend their rights. On April 2nd, a well-known dating show in Shanghai, still under the signboard of "Admiralty", met on Saturday. In the program broadcast on April 9, "Admiralty" was edited and recorded earlier.