Huang Xiangmo: Federal Liberals defend dealings with Chinese businessman at centre of Dastyari's downfall

Federal Liberals insist it is not as politically damaging for them to have received donations from Chinese businessman Huang Xiangmo as it is for Labor's Sam Dastyari.

Senator Dastyari resigned on Tuesday because of continued pressure over his links to China, including to businessman Huang Xiangmo.

Federal Labor stopped taking foreign donations last year but the Liberal Party has not adopted the same approach.

Disclosure documents uncovered by the ABC reveal Finance Minister Mathias Cormann received a $20,000 donation from Mr Huang last year.

The money was used for Senator Cormann's election campaign.

Senator Cormann argued all appropriate disclosures were made.

"All of those donations are lawful and declared," he said.

"As far as the Liberal Party donations are concerned they are lawfully received and declared consistent with our disclosure rules."

The Finance Minister also confirmed he had met Mr Huang.

"I have met many Australians, including many people around Australia, including that particular gentleman," Senator Cormann told reporters this afternoon.

But he insisted there was no evidence of the Coalition being influenced.

"Let me be very clear that the Turnbull Government and every single member of the Turnbull Government stands up for our national interest, unlike former Senator Sam Dastyari," Senator Cormann said.

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