Joe Biden’s beloved son Hunter Biden inevitably steals the limelight each time his statesman father garners it. But not in a good way.
Hunter Biden has been repeatedly accused of leveraging his father’s political prowess over a span of two decades. From sketchy political posts to Chinese dealings, Joe Biden’s son Hunter has all but ensured that Donald Trump’s shady dealing is overshadowed why the public tried to analyze which presidential nominee has a bigger conflict of interest.
Highlights! Joe Biden’s Chinese Conflict Of Interest explained that Trump has plans to exploit
- Hunter Biden – a background check
- The Chinese Conflict of Interest for Joe Biden
- How Trump will be looking to exploit the connect
- Best for Biden to begin damage control right away
In fact, prominent Republican senators requested Hunter Biden’s travel records from the Secret Service that might shed light on Hunter Biden’s dealings in China, which Trump has long said merit a state investigation. Of Hunter Biden’s shady dealings under the microscope is his position as one of the directors from a private-equity that has Chinese government-backed stakeholders.
Directors and misdirection
Hunter Biden is among the nine directors at BHR Partners, a firm founded in 2013 by two Chinese asset management firms Bohai Industrial Investment Fund Management Co. and Harvest Fund Management Co. and two US firms Rosemont Seneca Partners and Thornton Group LLC. Rosemont Seneca Partners was co-founded by Hunter Biden and his long-time business partner Devon Archer.
Senate Finance Committee had marked the firm with a red flag. Both Chinese firms are alleged to be influenced by the state and the Communist Party of China. In 2016, Bohai was managing the 20 Billion RMB fund. Likewise, Harvest Fund is one of China’s largest mutual fund management firms, majorly backed by the Bank of China, and the China Development Bank. The firms facilitate offshore investment for Chinese VCs.
The Joe Biden Chinese Conflict of Interest
While Joe Biden’s son Hunter is a part of the D.C.-based investment and advisory firm Rosemont Seneca, registration info in China lists him as a key person at Bohai Harvest. In October 2019, after numerous voices arousing skepticism, Hunter Biden chose to resign from the firm. However, filings from 2020 still show him on the board of Bohai.
Hunter’s most blatant misuse of Joe Biden’s political stature that arises a conflict of interest came to light in 2013 he was on the Chinese foreign trip with the then Vice President Biden on Air Force Two. There he arranged a meeting between his father Vice President Joe Biden and the CEO of Bohai Capital Jonathan Li. The JV between Bohai and Hunter’s Rosemont Seneca had happened only a month ago. Soon after BHR Partners saw its business license approved.
Hunter arranged a meeting between his father Vice President Joe Biden and the CEO of Bohai Capital Jonathan Li in 2013.
Furthermore, Hunter Biden-backed BHR acquired Henniges along with the Aviation Industry Corporation of China (AVIC). The acquisition is the biggest by a Chinese firm in the US automotive manufacturing sector, to date.
Trump’s elixir for re-election
Hunter chose to step down from BHR Partners’ board last year in a bid to ensure that his business dealings do not harm Joe Biden’s presidential bid in 2020. However, ghosts of the past continue to haunt Biden with Trump using his son’s off-the-shelf Chinese connection to taint the former Vice President’s image as we await November.
President Trump directly pointed his finger at Joe Biden accusing him of walking out of China with a $1.5 billion fund. What Trump may be referring to is the fact that BHR Partners was alleged to be vying to raise the same amount of $1.5 billion in 2014 for investing outside China.
But while his claims are unclear, Trump’s Political Action Committee has branded the affair as #BeijingBiden on social media. However, Joe Biden has no resort but to ignore the rant. After all, any action from him, even if explanatory or debunking the accusation, will surely prove detrimental to his presidential hopes, with son Hunter’s hands too deep in the honey.