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.
Alito rips Jackson’s ‘utterly irresponsible’ solo dissent as Supreme Court fight shakes up 2026 map
California gubernatorial hopefuls contend with back-to-back debates with finish line in sight
Climate seminars for judges face funding trail probe amid fears of outside influence on courts
Caine likens ‘kamikaze dolphin’ question to ‘sharks with laser beams’ in nod to Austin Powers movies
Florida shooting spree kills 4-month-old baby, toddler, their mother and grandmother across two scenes
Nancy Mace Names 6 Lawmakers in Bombshell Comments on Congressional Sex Scandal ‘Slush Fund’
Under-the-radar race will decide Michigan Senate control in Whitmer’s final year
Dem Chicago Alderman Wants Walgreens Charged with Crime After Store Closes Amid Rampant Theft, Violence
Oklahoma park shooting that injured nearly two dozen started over argument at unsanctioned party, police say
Trump turns Obama-era youth health policy on its head as school fitness benchmark returns
Massie ally sparks backlash after accusing Trump-backed challenger of abusing VA benefits
GOP builds huge cash edge as 2026 midterm outlook darkens
At least five killed and dozens injured in Ukraine in ‘vile’ Russian strike amid ceasefire talk
Border Patrol arrests two illegal aliens convicted of child sex offenses near San Diego in back-to-back busts
Trump opens Hormuz under fire with ‘Project Freedom’ as Iran warns of attacks
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.
Alito rips Jackson’s ‘utterly irresponsible’ solo dissent as Supreme Court fight shakes up 2026 map
California gubernatorial hopefuls contend with back-to-back debates with finish line in sight
Climate seminars for judges face funding trail probe amid fears of outside influence on courts
Caine likens ‘kamikaze dolphin’ question to ‘sharks with laser beams’ in nod to Austin Powers movies
Florida shooting spree kills 4-month-old baby, toddler, their mother and grandmother across two scenes
Nancy Mace Names 6 Lawmakers in Bombshell Comments on Congressional Sex Scandal ‘Slush Fund’
Under-the-radar race will decide Michigan Senate control in Whitmer’s final year
Dem Chicago Alderman Wants Walgreens Charged with Crime After Store Closes Amid Rampant Theft, Violence
Oklahoma park shooting that injured nearly two dozen started over argument at unsanctioned party, police say
Trump turns Obama-era youth health policy on its head as school fitness benchmark returns
Massie ally sparks backlash after accusing Trump-backed challenger of abusing VA benefits
GOP builds huge cash edge as 2026 midterm outlook darkens
At least five killed and dozens injured in Ukraine in ‘vile’ Russian strike amid ceasefire talk
Border Patrol arrests two illegal aliens convicted of child sex offenses near San Diego in back-to-back busts
Trump opens Hormuz under fire with ‘Project Freedom’ as Iran warns of attacks
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.
