There is evidence that the money is Li's.
1. Li sold millions of shares of Eontec Stock to get the money to buy LQMT Shares. (Do your own Google search. I'm not going to make this easy for you to confirm.)
2. Li was suppose to transfer the cash within a couple of months after signing the original agreement with LQMT, but he had trouble getting the money out of China. That delay was so long that the original agreement between Li and LQMT had to be amended. (You can check the old SEC filings to confirm that.) It took him about 6-8 months to get the money out of China. In fact, Some of the posts at that time expressed concern that he might not be able to get the money out of China and the deal to buy 46% of LQMT would fall through.
If The Chinese government provided the cash, Li would not have had to sell Eontec shares to acquire the capital to buy LQMT stock, and getting the money out of China would not have been delayed for more than half a year.