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What We Know About Biden's Hunter Business in China



A spokesman for Biden's campaign also stated that the former vice president never discussed China's plan with his son.

The only known connection between senior Mr. Biden and the BHR took place in early December 2013 in Beijing. Mr Biden, who traveled to China for official business as vice president, met and shook hands with business associate son Jonathan Lee at the lobby of the US delegation, according to reports in the New Yorker. The magazine reports that Hunter Biden had a meeting with Mr Lee, who headed the BHC chief executive.

Biden hunter also went to Beijing because his young daughter was invited and in need of affection, according to Mr. Messires. He said his client and Mr Lee met for a coffee trip, but it was just a social conversation. "He did not do business there," the lawyer said.

A few days after the trip, the BHR received a business license from the Chinese government. Mr Messires said that the registration documents had already been submitted and that the approval deadlines were clearly the same. Hunter Biden was not involved in the registration of the firm and his approval "was not related in any way, shape or form to the hunter's visit," he said.

To raise funds, the BHR has teamed up with some of China's leading states. financial companies, including its largest indirect shareholder, the Bank of China, as well as the China Development Bank and the country's Social Security Fund, according to the BHR website. The Wall Street Journal reported in 2014 that the firm sought to raise $ 1.5 billion.

This figure was then quoted by Peter Schweizer, a conservative author, in a 2018 book detailing the business ties of China to some prominent American political families. Mr. Schweizer also authored the 2015 Clinton Cash Book.

Until October 2017, well after his father stepped down from the presidency, Hunter Biden had no stake in the BHC, Mr. Messires said. According to him, Mr. Biden bought a stake in the firm named after Skaneateles L.L.C. for the equivalent of about $ 420,000. This gave him about 10 percent of the company's registered capital of 30 million reminibles, Chinese currency. Skaneateles is the hometown of New York mother of Hunter Biden, who died in 1972.


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