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.
Left-wing DC group coaches residents on how to ‘influence outcomes’ on a jury
New York City is about to test Mamdani’s progressive economic vision
The fall and rise of the Left’s premier dark money network
Newly Released Journal Pages Show Covenant School Shooter Chose Target Because She Hated Whites and Christians
Socialist Mayor Mamdani inaugurated alongside Bernie Sanders and AOC on New Year’s Day
Walz received $10K from donors tied to Somali-run day care centers
Biblical Film ‘David’ Punches Above Its Weight, Outperforms Hollywood Heavyweights at Box Office
The Chinese ambitions behind threats of a ‘multipolar world’
Mamdani sworn in by AG James in private midnight ceremony
Trump targets Minnesota fraud allegations, says ‘we’re going to get to the bottom of it’
DOJ outlines 10 ‘wins’ under Trump, says agency restored after Biden era
US military confirms 5 killed in Dec 31 kinetic strike on reported narco-terror vessels
Disney World cast member injured after massive boulder prop veers off track at Indiana Jones stunt show
Trump Orders National Guard Withdrawal from Chicago, Los Angeles and Portland, Warns of Return if Crime Surges
Here’s where Trump launched airstrikes around the world in 2025: ‘Protect the homeland’
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.
Left-wing DC group coaches residents on how to ‘influence outcomes’ on a jury
New York City is about to test Mamdani’s progressive economic vision
The fall and rise of the Left’s premier dark money network
Newly Released Journal Pages Show Covenant School Shooter Chose Target Because She Hated Whites and Christians
Socialist Mayor Mamdani inaugurated alongside Bernie Sanders and AOC on New Year’s Day
Walz received $10K from donors tied to Somali-run day care centers
Biblical Film ‘David’ Punches Above Its Weight, Outperforms Hollywood Heavyweights at Box Office
The Chinese ambitions behind threats of a ‘multipolar world’
Mamdani sworn in by AG James in private midnight ceremony
Trump targets Minnesota fraud allegations, says ‘we’re going to get to the bottom of it’
DOJ outlines 10 ‘wins’ under Trump, says agency restored after Biden era
US military confirms 5 killed in Dec 31 kinetic strike on reported narco-terror vessels
Disney World cast member injured after massive boulder prop veers off track at Indiana Jones stunt show
Trump Orders National Guard Withdrawal from Chicago, Los Angeles and Portland, Warns of Return if Crime Surges
Here’s where Trump launched airstrikes around the world in 2025: ‘Protect the homeland’
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.
