According to a new book, the Biden family earned $31 million from five deals in China, all involving people with direct ties to Chinese intelligence.
Hunter Biden partnered with multiple financiers with direct ties to Chinese intelligence, including the former head of the Ministry of State Security and the head of foreign intelligence recruitment, according to Peter Schweizer’s “Red-Handed: How American Elites Get Rich Helping China Win”.
Breitbart reported that the dealings occurred during and after Joe Biden’s time as vice president and some of those relationships remain intact.
Schweizer explains that China saw a financial relationship with the Bidens as an opening for “elite capture,” allowing Hunter Biden to secure meetings and major deals “with people in the highest levels of Chinese financial institutions and the Chinese Communist Party — and in return they would be able to leverage the Bidens’ power for their interests”.
One of the early participants in the Bidens’ Chinese deals is tycoon Che Feng, who is referred to as “The Super Chairman”.
Che has been described in Western media as “a shadowy and discreet investor,” “whose business partner was the Vice Minister of State Security, a man by the name of Ma Jian,” according to Breitbart.
In his book, Schweitzer writes “The hazard of a Chinese businessman with close ties to the top ranks of Beijing’s spy agency conducting financial transactions with the son of the U.S. vice president cannot be overstated. How this did not set off national security or ethics alarm bells in Washington is a wonder in itself”.
Through “The Super Chairman,” the Bidens were introduced to Zhao Xuejun, or Henry Zhao. Zhao, who formed Harvest Fund Management, was the chairman and Chinese Communist Party general secretary at the firm.
His other company, Harvest Global Investments, wired $5 million to a Hunter Biden business called Burnham.
“The seductive and lucrative deal that Hunter was now putting into place, creating BHR, involved two financiers with ties to the highest levels of Chinese intelligence, a billion-dollar private equity deal that we first exposed in Secret Empires. What we now know are the roles played by the spy-connected ‘Super Chairman’ and Zhao,” Schweizer writes.
From the BHR deal and the $5 million wired by Harvest, Hunter Biden earned about $25 million from Chinese businessmen linked to Chinese intelligence.
After being introduced to CEFC China Energy Chairman Ye Jiemaing, Hunter Biden helped set up Hudson West IV and SinoHawk. The Biden family received approximately $6 million from Ye’s companies.
“In sum, each deal the Bidens secured in China was via a businessman with deep ties at the highest levels of Chinese intelligence. And in each case there appears to be little discernible business or professional service that was rendered in return for the money,” Schweitzer says.
“Beijing should certainly be happy with the overall posture of the Biden administration. The talk is tougher, but the main tenets of the foreign policy that Beijing wants Washington to pursue are secure: no radical reduction in the transfer of technology or capital from America to Beijing, no fundamental challenges to the Chinese regime, and mild criticisms over human rights accompanied by excuses for their conduct,” he writes.
