A Chinese global energy company linked to a Chinese intelligence operation sent close to $6 million to Hunter Biden in 2017, according to the explosive new book Red-Handed: How American Elites Get Rich Helping China Win by Peter Schweizer.
The firm, now-defunct, was led by Ye Jianming, a wealthy and connected Chinese businessman who was chairman and majority owner of the global energy company, CEFC China Energy.
Biden had developed a close working relationship with Ye “on a number of fronts.”
Their relationship began around the end of 2015, when Joe Biden was still vice president. Associates of Ye and Biden, including the then-Serbian foreign minister, brokered the connection between the two men, Biden and Ye.
Hunter Biden would tell his then-partner Tony Bobulinski in text messages dated October 14, 2017, that he spoke with Ye on a “regular basis” and that they had a once-a-week call. Biden would also become Ye’s personal counsel in the U.S. — essentially an employee and representative for the Chinese global energy chairman in the U.S.
“In brief, Hunter Biden was now the U.S. representative for an intelligence- and military-linked Chinese company that was supporting voices calling for an aggressive military posture against the United States and its allies,” Schweizer writes.
Ye had a number of ties to Chinese military intelligence. CEFC was housed in a complex in Shanghai’s French concession section, an area “primarily controlled by China’s military.” One of Ye’s early business partners with the granddaughter of one of the founders of China’s military, Marshall Ye Jianying.
Ye had also built his business by acquiring assets from a former People’s Liberation Army (PLA) officer closely linked with Chinese military intelligence, Lai Changxing. Ye was also the deputy secretary-general of either the China Association for International Friendly Contract (CAIFC) or its Shanghai branch from 2003 to 2005. CAIFC is funded by Chinese PLA intelligence.
In addition, there were Chinese military officers affiliated with Ye’s company who also had ties to the PLA National Defense university. CEFC also funded a related non-profit think tank called the China Energy Fund Committee, whose analysts would advocate for using military force in the South China Sea. Another CEFC subsidiary called for Taiwan’s reunification with mainland China.
Ye was at the center of Beijing’s economic strategy. His firm, CEFC, saw itself as playing an important and central role in advancing China’s Belt and Road Initiative, which was designed to expand Chinese economic and political influence worldwide. Accordingly, CEFC was also an oil supplier to the People’s Liberation Army.