Bank records show millions in transactions between Hunter Biden, China firms: Sen. Johnson

Wisconsin GOP Sen. Ron Johnson says the Chinese-American financial institution Cathay Bank has given Senate Republicans records showing millions of dollars going from Chinese companies to President Biden's son Hunter Biden.

Republicans and others started raising concerns during President Biden's successful 2020 White House campaign, if not earlier, that Hunter Biden used the family name and influence while his father was vice president to make millions in overseas business deals, which also could have compromised U.S. national security.

Johnson told The Washington Times the records show the Biden family involved with the now-defunct CEFC China Energy, which had connections to the Chinese Communist Party.  

The firm reportedly gave $1 million to Hudson West III, which was a joint venture owned by Hunter Biden and Gongwen Dong, a business associate of CEFC's founder and chairman, Ye Jianming, according to the bank records.

"In my mind," said Johnson, "it's the Chinese government telling Joe Biden, 'We got the goods on you, buddy. And we’re willing to dish it up.'"

The records provided by the bank also include those from the president's brother, James Biden.

Cathay Bank has offices in Los Angeles and China.

Johnson says the bank turned over the records to him and Iowa GOP Sen. Chuck Grassley. Other banks have denied the senators' requests for the records.