Hunter Still Invests In Equity Firm Linked To China’s Central Bank
Candidate Biden vowed that his family would be free of international financial entanglements; a contrast to the Trump Organization’s global footprint.
Joe Biden 2019: “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,” Biden said at the time.
Hunter stepped down from BHR’s board in 2019 over increased scrutiny of his father’s bid for the Democratic nomination.
First Son Hunter Biden continues to own a large stake in a Chinese private equity firm, in defiance of President Joe Biden’s pledge that his family would divest in foreign business interests.
Hunter’s company, Skaneateles LLC, holds a 10 percent stake in Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co., according to business records reviewed by The Daily Caller.
BHR Partners is co-owned by the state-controlled Bank of China, the outlet noted.