Rep. Vicente Gonzalez (D-TX) closed an account with Bank of China following a Breitbart News report on the Texas Democrat’s holdings with the state-owned institution. Gonzalez’s most recent financial disclosure forms list holdings worth more than $100,000 with the Bank of China, a state-owned organ of the Chinese Communist Party (CCP).
Breitbart News reported:
On the second page of his calendar year 2017, 2018, and 2019 disclosure documents, Gonzalez reported the holdings valued at between $100,001 and $250,000 in the Bank of China. Each report includes a disclosure that Gonzalez earned between $2,501 and $5,000 in interest each year from the Bank of China account.
The Bank of China’s website acknowledges itself as a “wholly state-owned commercial bank” and has been since the mid-1990s. The state-run enterprise additionally pledges allegiance to Chinese head of state Xi Jinping and his communist ideology, describing its mission as furtherance of the CCP’s ecumenical political vision.
Gonzalez closed his account following Breitbart “News’s” report, according to News 4 Antonio, an NBC affiliate. He also rejected an interview request.
News 4 San Antonio reported, “[Gonzalez’s] press secretary, Jason “Johnson,” told News 4 San Antonio that the Bank of China is insured and operating under U.S. laws. Johnson additionally told the News 4 San Antonio, the Congressman has closed that account.”
Congressman from Texas earned thousands in interest from Bank of China https://t.co/Z57cXWoXQb pic.twitter.com/pcQnz8qVBG — News 4 San Antonio (@News4SA) March 9, 2021
Monica De La Cruz-Hernandez, Gonzalez’s Republican opponent in 2020, remarked on the recent exposure of Gonzalez’s financial ties to China.
De La Cruz-Hernandez tweeted, “Gonzalez’s six-figure account with the Bank of China is shocking & perturbing. A US Rep should NEVER have such close financial ties to the state bank of our country’s greatest adversary. AMERICA FIRST NOT CHINA!!!!”
Gonzalez’s six-figure account with the Bank of China is shocking & perturbing. A US Rep should NEVER have such close financial ties to the state bank of our country’s greatest adversary. AMERICA FIRST NOT CHINA!!!!https://t.co/X7sEyCpPbH
— Monica De La Cruz-Hernandez for Congress (@monica4congress) March 8, 2021
This News Article is focused on these topics: National Security, Politics, Bank of China, Breitbart Texas, China, Chinese Communist Party (CCP), Monica De la Cruz-Hernandez, Texas, Vicente Gonzalez, Xi Jinping