CCP-Controlled, State-Owned Firm Behind Chinese Cash Allegedly Funneled To Hunter Biden, Documents ShowPhilip Lenczycki
Investigative Reporter
May 12, 2023 7:49 PM ET
The Hong Kong corporation that allegedly wired funds to Hunter Biden’s business in 2017 was controlled by a Shanghai firm run by members of the Chinese Communist Party (CCP), some of whom had previously served in the People’s Liberation Army (PLA), according to business documents and congressional reports reviewed by the Daily Caller News Foundation.
On June 30, 2017, Shanghai Huaxin Group (Hong Kong) Ltd. wired $10 million to the Delaware-based company CEFC Infrastructure, which then wired $100,000 to Hunter Biden’s “professional corporation,” Owasco P.C., on August 4, 2017, a House Oversight Committee memo revealed Wednesday, alleging the transfers were part of an influence peddling scheme.
However, at the time of the 2017 wire transfer, 100% of Shanghai Huaxin Group (Hong Kong) Ltd.’s shares were held by a company called CEFC Shanghai International Group Ltd., which was run by multiple members of the CCP, according to a 2017 Shanghai stock exchange filing.
CEFC Shanghai International Group Ltd. is also identified as the owner of Shanghai Huaxin Group (Hong Kong) in a 2020 Senate Homeland Security Committee report, which further characterized Shanghai Huaxin Group (Hong Kong) as a Chinese “state-owned enterprise.” The report also noted that CEFC Shanghai International Group Ltd. was “controlled” by Shanghai Guosheng Group, “another state-owned enterprise.”
Furthermore, CEFC Shanghai International Group’s “director,” Su Weizhong, whom the 2017 Shanghai stock exchange filing lists as one of its two “actual controllers,” is a CCP member, according to the filings.
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https://dailycaller.com/2023/05/12/ccp-hunter-biden-shanghai-transfers/
