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.
Police Searching for Second Suspect After Deadly Shooting at Seattle Festival
Episcopal Church Headquarters Forced to Evacuate After Nearby Manhattan Tower Sagged
‘Shame on you’: Sherrill knew voter-roll bombshell was coming when she called Trump a liar, DOJ official says
Trump demands Thune keep Senate in session until SAVE America Act passes
McConnell ‘not yet cleared’ to leave rehab to return to Congress
How the Big Beautiful Bill became law: Trump locks horns with GOP lawmakers
Pentagon Official Is Out After He Told James O’Keefe on Undercover ‘Gay Date’ He Planned to Subvert Trump’s Policies
World’s Dumbest Rapper Arrested for Fraud, But Satanic Discovery and Live ‘Sacrifice’ Found at Home Are Far Worse
Trump admin targets woke schools accused of hiding students’ gender transitions from parents
Exposed Fauci diary shows he estimated COVID-19 death rate to be much lower than what he told Congress
Nancy Guthrie update: 25 weeks after abduction, Elizabeth Smart says there’s ‘reason to have hope’
NBA star rips socialist NYC Mayor Zohran Mamdani as ‘mayor playing president’ and more top headlines
Rep Thomas Massie says the Iran war has ‘significantly weakened’ America ‘all for Israel’
How the Big Beautiful Bill became law: Late-night drama in the Senate
Missouri congressional candidate accused of funneling $165,000 from terminated state campaign
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.
Police Searching for Second Suspect After Deadly Shooting at Seattle Festival
Episcopal Church Headquarters Forced to Evacuate After Nearby Manhattan Tower Sagged
‘Shame on you’: Sherrill knew voter-roll bombshell was coming when she called Trump a liar, DOJ official says
Trump demands Thune keep Senate in session until SAVE America Act passes
McConnell ‘not yet cleared’ to leave rehab to return to Congress
How the Big Beautiful Bill became law: Trump locks horns with GOP lawmakers
Pentagon Official Is Out After He Told James O’Keefe on Undercover ‘Gay Date’ He Planned to Subvert Trump’s Policies
World’s Dumbest Rapper Arrested for Fraud, But Satanic Discovery and Live ‘Sacrifice’ Found at Home Are Far Worse
Trump admin targets woke schools accused of hiding students’ gender transitions from parents
Exposed Fauci diary shows he estimated COVID-19 death rate to be much lower than what he told Congress
Nancy Guthrie update: 25 weeks after abduction, Elizabeth Smart says there’s ‘reason to have hope’
NBA star rips socialist NYC Mayor Zohran Mamdani as ‘mayor playing president’ and more top headlines
Rep Thomas Massie says the Iran war has ‘significantly weakened’ America ‘all for Israel’
How the Big Beautiful Bill became law: Late-night drama in the Senate
Missouri congressional candidate accused of funneling $165,000 from terminated state campaign
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.
