Hunter Biden is walking away from the board of a Chinese-backed private equity company as part of a public pledge to disavow all foreign work if his father, former U.S. Vice President Joe Biden, gains the presidency in 2020.
Joe Biden’s second son made his move after a month of pushing by U.S. President Donald Trump who has publicly highlighted the perceived – and real – conflicts of interest represented by Biden’s work in Asia.
A statement released on his behalf by his legal counsel George Mesires said his relationship with the management company of a private equity fund that’s backed by Chinese state-owned entities will end within weeks.
The 49-year-old doesn’t state whether he will be divesting from BHR (Shanghai) Equity Investment Fund Management Company. The company was set up in 2013 to invest Chinese capital outside of China.
Prosecutor Joseph diGenova resigns from DOJ role investigating Trump-Russia probes
Fatwas, holy wars and socialism: Inside the Islamic conference where El-Sayed drew a hero’s welcome
ICE arrests Peruvian national accused of illegally voting in 2024 election as DHS cites similar cases
TPUSA Official Explains How ‘Ghouls’ Celebrating Anniversary of Charlie Kirk’s Death Are Actually Helping His Cause
Deep Dive: One Year On, ‘A Million Charlie Kirks’ Have Not Yet Emerged, But Disunity and Insanity Have
James Talarico needles Ken Paxton amid GOP midterm convention
Family of 9/11 hero to retrace his steps in final Tunnel to Towers stop
Illegal convicted of assaulting high school girls thought he was free — then DHS dropped the hammer
How to make more Charlie Kirks: Inside TPUSA’s gap-year alternative to the ‘college scam’
Watch: Spontaneous Tribute to Charlie Kirk Erupts as Trump Honors Erika at RNC Midterm Convention
In Hindsight, Trump’s Decision to Save TikTok Was a Colossal Mistake
National Cryptologic Museum unveils historic Osama bin Laden exhibit
Republican sounds alarm on rising Dem star: ‘This guy’s going to be a problem’
Zohran Mamdani urged to skip New York City’s 9/11 memorial: ‘Vile antisemite’
Houthis seize port city in offensive aimed toward Bab el-Mandeb Strait
Instead the young Biden pledged he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration.
“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests,” the statement said. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Just two days ago Trump again highlighted the problem of Hunter Biden seeking work overseas during a political rally in Louisiana, as Breitbart News reported.
Prosecutor Joseph diGenova resigns from DOJ role investigating Trump-Russia probes
Fatwas, holy wars and socialism: Inside the Islamic conference where El-Sayed drew a hero’s welcome
ICE arrests Peruvian national accused of illegally voting in 2024 election as DHS cites similar cases
TPUSA Official Explains How ‘Ghouls’ Celebrating Anniversary of Charlie Kirk’s Death Are Actually Helping His Cause
Deep Dive: One Year On, ‘A Million Charlie Kirks’ Have Not Yet Emerged, But Disunity and Insanity Have
James Talarico needles Ken Paxton amid GOP midterm convention
Family of 9/11 hero to retrace his steps in final Tunnel to Towers stop
Illegal convicted of assaulting high school girls thought he was free — then DHS dropped the hammer
How to make more Charlie Kirks: Inside TPUSA’s gap-year alternative to the ‘college scam’
Watch: Spontaneous Tribute to Charlie Kirk Erupts as Trump Honors Erika at RNC Midterm Convention
In Hindsight, Trump’s Decision to Save TikTok Was a Colossal Mistake
National Cryptologic Museum unveils historic Osama bin Laden exhibit
Republican sounds alarm on rising Dem star: ‘This guy’s going to be a problem’
Zohran Mamdani urged to skip New York City’s 9/11 memorial: ‘Vile antisemite’
Houthis seize port city in offensive aimed toward Bab el-Mandeb Strait
Trump then ripped Hunter for leaving China with $1.5 billion in investments from the bank of China despite knowing “nothing” and mocked the news broadcasts for repeatedly saying that Trump’s claims of corruption were “totally unsubstantiated” … at Biden’s request.
“It’s not unsubstantiated, he took a fortune out of Ukraine, knew nothing, took a fortune out of China,” he said.
He expressed skepticism Hunter Biden was able to get $1.5 billion in Chinese investments because they thought he was a good investment.
“For a guy to walk in from off the street with no experience, a bad track record, just got thrown out of the navy, and he walks away with $1.5 billion?” Trump said.
Story cited here.
