Documents show Hunter Biden still controls a stake in a Chinese investment firm despite his promise to resign from the company’s board and a pledge from his father Joe Biden that no one in the family will have foreign business entanglements if he is elected in November.
The troubled son of Joe Biden, a former vice president who is now the presumptive 2020 Democratic presidential nominee, holds a 10% equity stake in the Chinese government-linked Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company, according to Chinese business records first reported by the Daily Caller.
Through his lawyer, Hunter had promised to leave the board of the Chinese firm by the end of October 2019, but his resignation was only submitted to China’s National Credit Information Publicity System this spring. Two Chinese business websites run by Baidu and Qixin both show updates with Hunter’s name being removed from the BHR board of directors in April, but both also show an LLC owned solely by Hunter — Skaneateles — as still being a “sponsor/shareholder” with 3 million yuan invested in the company, purportedly comprising the 10% stake in the China-based business venture.
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