A Hong Kong corporation, allegedly controlled by a Shanghai firm with connections to the Chinese Communist Party (CCP), wired funds to Hunter Biden’s business in 2017, according to documents and congressional reports reviewed by the Daily Caller News Foundation.
The transfers, totaling $10 million and $100,000, were part of an alleged influence-peddling scheme.
The corporation, Shanghai Huaxin Group (Hong Kong) Ltd., was owned by CEFC Shanghai International Group Ltd., which is run by CCP members.
Key individuals involved, including Su Weizhong and Li Yong, are listed as CCP members. Some of them also have ties to the People’s Liberation Army (PLA).
The House Oversight Committee memo claims that Chinese nationals and companies with ties to Chinese intelligence and the CCP concealed the source of the funds using domestic limited liability companies.
Gongwen “Kevin” Dong, Hunter Biden’s business partner, is described as the “emissary in the United States” for Ye Jianming, the chairman of China Energy Fund Committee and deputy secretary-general of the China Association of International Friendly Contact (CAIFC), an organization associated with the PLA.
CAIFC has been described as engaging in intelligence collection and propaganda campaigns.
Ye Jianming was arrested on bribery charges, and a China Energy Fund Committee employee, Patrick Ho, was convicted of bribery and money laundering schemes.
The House Oversight Committee report argues that bank records refute President Biden’s claim that his family received no money from China.