Hunter Biden STILL owns stake in Chinese firm 100 days into his father’s presidency despite dad’s vow that NONE of his family would have foreign business interests
- Joe Biden pledged neither he nor his family would have foreign business ties
- The president in October vowed that there would be no international dealings
- Yet his son Hunter, 50, still has a 10 per cent in a Chinese private equity firm
- Hunter part-owns Bohai Harvest RST Equity Investment Fund Management Co.
- BHR Partners is co-owned by Bank of China, the state-controlled central bank
- Hunter announced in Oct 2019 he would step down from BHR Partners’ board
- The White House in February said that divesting was taking some time
Joe Biden’s son Hunter still has a stake in a Chinese private equity firm, according to a report – despite a campaign pledge that neither he nor his family would maintain any foreign business interests.
Hunter, 50, retains a 10 per cent in the Bohai Harvest RST Equity Investment Fund Management Company, Fox News reported.
BHR Partners is co-owned by the Bank of China, the state-controlled central bank.
Hunter Biden, appearing on Jimmy Kimmel Live in April, still retains foreign business interests
Hunter Biden with his wife Melissa and Joe Biden, pictured on March 26 at Joint Base Andrews
In October 2019, while on the campaign trail, Joe Biden stated: ‘No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country.’
Hunter Biden sat on the board of BHR
He was making a dig at his predecessor Donald Trump, who hired daughter Ivanka and son-in law Jared Kushner as senior White House advisers.
The former president also roped in multiple other family members to help push his administration’s message.
Hunter Biden said at that time that he was stepping down from the board of the company.
Asked why he had not divested, 100 days in to his father’s presidency, the White House referenced spokeswoman Jen Psaki’s comments in February, when she said it was taking time – then passed the buck.
‘He has been working to unwind his investment, but I would certainly point you — he’s a private citizen,’ Psaki said.
‘I would point you to him or his lawyers on the outside on any update.’
Hunter Biden’s business dealings have long caused his father headaches, amid accusations that the troubled Harvard-educated lawyer was trading off his family name.
Hunter had business interest in Ukraine, China and Kazakhstan, leading to concern about influence peddling.
Joe Biden has denied having any knowledge of his son’s work.
Joe Biden with his son Hunter, seen in January 2009