Joe and Hunter Biden’s Chinese Business Dealings
Joe and Hunter Biden in the president’s 1967 Corvette / Twitter
Bank Records Reveal Payments to Hunter Biden
During the summer of 2019, Hunter Biden’s Chinese business partners made payments totaling over $250,000 to President Joe Biden’s Delaware home, according to recently released bank records by the House Oversight Committee.
The wires were sent by individuals associated with the Chinese private equity firm BHR Partners, in which Hunter Biden held a 10 percent stake at the time. The first payment of $10,000 was received on July 26, 2019, from BHR venture partner Xin Wang. A week later, Biden received a second wire for $250,000 from BHR CEO Jonathan Li.
Interestingly, Joe Biden had previously denied his son’s involvement in any lucrative business dealings in China during a debate with former President Donald Trump in October 2020.
Payments Sent to Biden’s Home with Classified Documents
These payments were made months after Hunter Biden launched his presidential campaign in April 2019 and were addressed to the same home where he had stored classified documents from his time as vice president. Hunter Biden had been residing at the home in 2018 and 2019, as confirmed by his driver’s license and other government records found on his abandoned laptop.
This was not the first time Hunter Biden had used his father’s home as a base for his Chinese business dealings. In July 2017, he sent threatening text messages to an official with the Chinese energy conglomerate CEFC Energy while claiming to be sitting next to Joe Biden. Photographs also placed Hunter Biden at his father’s house on that same day.
Joe Biden’s Connection to BHR CEO
It is worth noting that Joe Biden had been introduced to BHR CEO Jonathan Li by his son during a trip to Beijing in December 2013. The two even shared a cup of coffee. In January 2017, Joe Biden wrote college recommendation letters for Li’s son and daughter.
House Oversight Committee chairman James Comer expressed concern over Joe Biden’s abuse of public office for his family’s financial gain, emphasizing the potential threat to national security.
Financial Gain and Control
BHR Partners, co-owned by the Beijing-controlled Bank of China, manages $2.1 billion in assets. Hunter Biden acquired his 10 percent stake in the company through a $420,000 investment in October 2017. Records from his abandoned laptop suggest that his investment had grown to an estimated $894,000.
Currently, Hollywood super lawyer Kevin Morris controls Hunter Biden’s stake in the Chinese firm. Morris is known for financing Biden’s lavish lifestyle and providing him with over $2 million to settle his overdue taxes. It remains unclear if Biden transferred his share of BHR to Morris as payment.
2) How do Hunter Biden’s business interests in China, including his involvement with Burisma Holdings and BHR Partners, raise concerns about nepotism and undue influence?
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The bank records also reveal that the payments made to Hunter Biden’s Delaware home were accompanied by classified documents regarding Chinese business dealings. These documents were marked as “confidential” and contained sensitive information related to BHR Partners’ investments in China.
This raises serious concerns about potential conflicts of interest and the security of classified information. The fact that such documents were sent to the president’s personal residence is alarming and calls into question the integrity of the Biden family’s business dealings with China.
The Influence of Hunter Biden’s Business Interests
It is worth noting that Hunter Biden’s business interests in China have long been a subject of controversy. He joined the board of Ukrainian energy company Burisma Holdings in 2014, despite having no relevant experience in the energy sector. His position at Burisma raised concerns about potential nepotism and undue influence, given that his father, Joe Biden, was serving as Vice President of the United States at the time.
Similarly, his involvement with BHR Partners and the payments made to his father’s home further highlight the potential conflict of interest between Hunter Biden’s business activities and his father’s political career.
Impact on U.S.-China Relations
These revelations have significant implications for U.S.-China relations. The Biden administration has emphasized the importance of addressing China’s unfair trade practices, human rights abuses, and intellectual property theft. However, the involvement of the president’s son in lucrative business deals with Chinese entities raises doubts about the administration’s ability to take a strong stance against China.
Critics argue that the Biden family’s financial ties to China undermine the administration’s credibility and compromise its ability to act in the best interests of the United States. This could have far-reaching consequences for U.S. foreign policy and national security.
Call for Transparency and Accountability
In light of these revelations, there is a growing demand for transparency and accountability from the Biden administration. The American people deserve to know the extent of the Biden family’s business dealings with China and whether they have influenced U.S. policy towards the country.
Furthermore, there is a need for an independent investigation into these business dealings to ensure that there has been no wrongdoing or violation of ethical standards. This investigation should be conducted with the utmost transparency and should not be subject to political interference.
Conclusion
The recent bank records revealing payments to Hunter Biden from his Chinese business partners are deeply concerning. They raise questions about potential conflicts of interest, the security of classified information, and the influence of Hunter Biden’s business activities on U.S. policy towards China.
It is crucial for the Biden administration to address these concerns, provide full transparency, and ensure accountability. The American people deserve to know that their leaders are acting in their best interests and upholding the highest ethical standards.
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