Anonymous ID: cf8372 Aug. 28, 2018, 3:32 p.m. No.2772342   🗄️.is đź”—kun   >>2396 >>2640 >>2781 >>2844

Clinton Cash: Bill, Hillary Created Their Own Chinese Foundation In 2014

 

On Wednesday, in a wide-ranging speech criticizing Hillary Clinton’s record and fitness of office, Donald Trump renewed questions about the Clintons, their eponymous foundation and their financial relationships with China. In 2011, while Hillary Clinton was serving as Secretary of State, Bill Clinton received $750,000 for two speeches, paid for by a Chinese business group and an entity controlled by the Chinese government.

 

Those two paid speeches merely scratch the surface of the Clintons’ “China Syndrome.”

 

According to Clinton Foundation 990s reviewed by Breitbart News, the Clinton’s set up a separate entity, the “Clinton Foundation Hong Kong” in 2014. The filing doesn’t detail any specific activity by the new foundation, noting simply that its mission is to undertake programs of the Bill, Hillary and Chelsea Clinton (BHCC) Foundation. Although it is a separate and distinct foundation, it is controlled by the BHCC Foundation, according to the 990 filings.

 

The Clintons have established three other separate, foreign foundations as part of their BHCC Foundation. It has created the William J. Clinton Foundation Charitable Trust in Kenya, Africa, to work on foundation programs, in addition to two foreign foundations whose primary activity is “fundraising.” The William J. Clinton Foundation UK is domiciled in London, while the Clinton Foundation Insalingsstiftelse is domiciled in Stockholm, Sweden.

 

All of these foreign foundations, while legally separate, are controlled by the BHCC Foundation. The existence of each ought to raise many questions, given Hillary Clinton’s service as Secretary of State. Given the long, shared history of the United States and Great Britain, a separate Clinton Foundation tasked with fundraising in the UK is at least superficially plausible. A separate fundraising arm in Sweden seems more curious, though.

 

With the exception of a Swedish attorney, no Swedes serve on the board of the Clinton Foundation’s Swedish subsidiary.

 

In any event, the existence of five separate foreign foundations raises troubling questions about the extent of the Clinton’s work with foreign interests.

 

The recent creation of the Clintons’ Chinese foundation ought to raise many eyebrows on its own, though. The Clinton Foundation’s work in China has been sporadic over the years. For at least a decade, the Clinton Foundation has maintained bank accounts and/or foundation offices in the communist country, according to its 990 filings.

 

From 2007 to 2008, the Clinton Foundation planned and organized its first Clinton Global Initiative Conference in Hong Kong. The planning for this conference coincided with Hillary Clinton’s first run for the White House. During the conference, which occurred in December 2008, after the Presidential election, several Chinese companies and entities announced large financial pledges to underwrite the work of the Clinton Global Initiative.

 

The Clinton Foundation, though, doesn’t seem to have undertaken significant activities in China following this conference, according to its 990 disclosures. The Foundation maintained bank accounts in the country and, of course, Bill Clinton was paid three quarters of a million dollars by Chinese interests for two speeches in 2011.

 

The next significant activity was the creation of the Chinese foundation sometime in 2014, just months before Hillary Clinton launched another bid for the White House. Any detail about the activities of the Clintons’ Chinese foundation won’t be available until later this year.

More:

https://www.breitbart.com/big-government/2016/06/23/clinton-created-chinese-foundation/

Anonymous ID: cf8372 Aug. 28, 2018, 3:44 p.m. No.2772613   🗄️.is đź”—kun   >>2640 >>2706 >>2781 >>2844

>>2772548

Feinstein, Husband Hold Strong China Connections

Asia: Senator, Blum insist a solid 'firewall' separates her foreign policy role, his growing business interests there.

March 28, 1997|GLENN F. BUNTING | This story was reported by Times staff writers Glenn F. Bunting and David Willman in Washington, Dan Morain in Sacramento and Maggie Farley in Hong Kong and was written by Bunting

 

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WASHINGTON — On Capitol Hill, Sen. Dianne Feinstein (D-Calif.) has emerged as one of the staunchest proponents of closer U.S. relations with China, fighting for permanent most-favored-nation trading status for Beijing.

 

At the same time, far from the spotlight, Feinstein's husband, Richard C. Blum, has expanded his private business interests in China–to the point that his firm is now a prominent investor inside the communist nation.

 

For years, Feinstein and Blum have insisted that they maintained a solid "firewall" between her role as an influential foreign policy player and his career as a private investor overseas.

 

But such closely coinciding interests are highly unusual for major figures in public life in Washington. And now, as controversy heats up over improper foreign influence in the U.S. political process, the effectiveness of the firewall between those interests could be called into question.

 

On Thursday, after he was interviewed by The Times about his China business, Blum announced that he will donate future profits from his personal investments there to his nonprofit foundation to help Tibetan refugees. "This should remove any perception that I, in any way, shape or form benefit from or influence my wife's position on China as a U.S. senator," Blum said.

 

In 1992, when Feinstein entered the Senate, Blum's interests in China amounted to one project worth less than $500,000, according to her financial disclosure reports. But since then, his financial activities in the country have increased.

 

In the last year, a Blum investment firm paid $23 million for a stake in a Chinese government-owned steel enterprise and acquired sizable interests in the leading producers of soybean milk and candy in China. Blum's firm, Newbridge Capital Ltd., received an important boost from a $10-million investment by the International Finance Corp., an arm of the World Bank. Experts said that IFC backing typically confers legitimacy and can help attract other investors.

 

"It seems to be going quite well," Rashad Kaldany–who in 1994 managed the IFC's capital markets investments in Asia–said of the project. He added: "There also was some comfort in that Mr. Blum had some contacts with the Chinese."

 

Feinstein's Growing China Policy Role

 

Meanwhile, Feinstein's role on U.S. policy toward China has expanded. In January 1995, she became a member of the Senate Foreign Relations Committee, giving her a prominent platform for her efforts to support China's trade privileges.

 

Since 1995, Feinstein has made three visits to confer with senior government officials in Beijing. Blum has accompanied her each time at his own expense and has attended many of her meetings with President Jiang Zemin and other top Chinese leaders–an unusual degree of access for a private businessman.

 

On their trip to China in January of last year, Blum accompanied Feinstein to dinner with Jiang in the exclusive leaders' enclave, Zhongnanhai.

 

"We had dinner in Zhongnanhai in Mao Tse-tung's old residence in the room where he died. We were told that we were the first foreigners to see his bedroom and the swimming pool. It was a very historic moment to see some of these things," Feinstein told a Times reporter later.

 

Feinstein said this week that her Senate position in no way has affected her husband's business. She said that Blum has never sought to exploit her influence or access to increase his opportunities in China.

 

"My husband has never discussed business with Jiang Zemin, never would, never has," she said.

 

Said Blum: "Somebody will have to explain just how I have been benefited because my wife goes over to China."

 

However, experts on China question whether someone in Blum's distinct position could strictly insulate his interests when he is so prominently involved in the China market, is visibly associated with the leading friend of China in the Senate and has access to inner circles that other entrepreneurs do not.

 

In China, "everything is personal," said Arthur Waldron, professor of strategy at the Naval War College and an associate of the Fairbank Center for East Asian Research at Harvard. "That's how business works–personal contacts, friends and friends of friends."

more:

http://articles.latimes.com/1997-03-28/news/mn-43046_1_china-connections

Anonymous ID: cf8372 Aug. 28, 2018, 3:48 p.m. No.2772706   🗄️.is đź”—kun   >>2781 >>2844

>>2772613

This article is from 1997!!!!!! They already knew

 

Ross H. Munro, co-author of the recent China policy book "The Coming Conflict with China," said: "There is no doubt in my mind that, if Dianne Feinstein had a pattern of taking positions on U.S.-China policy that Chinese officials disliked, Mr. Blum would have a great deal more difficulty doing business in China and probably would find it impossible to do."

 

Senator Is Warned of China Overtures

 

Already, federal investigators have detected that the Chinese government might attempt to seek favor with Feinstein. Last year, she was one of six members of Congress who received warnings from the FBI that China might try to improperly influence them through illegal campaign contributions. There is no evidence that Feinstein received such contributions.

 

http://articles.latimes.com/1997-03-28/news/mn-43046_1_china-connections

Anonymous ID: cf8372 Aug. 28, 2018, 3:53 p.m. No.2772811   🗄️.is đź”—kun

>>2772548

Bridge = NewBridge Capital?

 

(Page 2 of 3)

Feinstein, Husband Hold Strong China Connections

Asia: Senator, Blum insist a solid 'firewall' separates her foreign policy role, his growing business interests there.

The inquiries into allegedly improper Chinese political efforts in the United States have increased the sensitivity of Blum's associations there. Investigators are looking at the activities of dual business-government entities, including China International Trade and Investment Corp. (CITIC), a $20-billion, state-owned conglomerate that is the most influential financial enterprise in China.

 

Blum's businesses come in contact, either directly or indirectly, with such entities.

 

There is no indication of impropriety in any of these relationships or that Feinstein was even aware of any overlap between her husband's Pacific Rim investments and Chinese government-related firms.

 

But the links, even tenuous ones, can trigger questions in the current highly charged political atmosphere.

 

Newbridge Capital, the Blum business venture, has two investments with partners originally from CITIC, said Peter Kwok, managing director of the Hong Kong fund.

 

Kwok also serves as a consultant to a unit of China Ocean Shipping Co. That state-owned company won rights to build a $200-million cargo terminal at the closed Long Beach Naval Station.

 

Blum called any purported link between China Ocean Shipping and his firm "ridiculous."

 

Feinstein said, "I had absolutely no knowledge" of any of this.

 

In separate telephone interviews Wednesday, Feinstein and Blum emphasized that they share a deep, personal interest in China dating back two decades.

http://articles.latimes.com/1997-03-28/news/mn-43046_1_china-connections/2