Democratic presidential nominee Joe Biden’s son, Hunter Biden, was involved in a transaction that benefited the Chinese Communist Party (CCP) under the Obama-Biden administration.
The Chinese private equity firm BHR Partners partly owned by Hunter Biden, and Secretary of State John Kerry’s stepson, Chris Heinz, had helped the CCP’s main military aircraft makers—Aviation Industry Corporation of China (AVIC)—obtain the sale of the Michigan-based auto parts maker Henniges Automotive in 2015, according to Just The News.
The Obama administration approved the transaction and its Committee on Foreign Investment in the United States (CFIUS).
The transaction occurred 15 months after one of AVIC’s subsidiaries was added to a Commerce Department blacklist.
Just months before, the Obama administration had resumed patrols in the South China Sea due to increased Beijing military aggression in the region. In June, the Pentagon listed the entire AVIC conglomerate on a list of companies subject to future sanctions because of its ties to the People’s Liberation Army (PLA).
The transaction and its timing raised security concerns and possible conflict of interest because of Hunter Biden’s involvement.
“The direct involvement of Mr. Hunter Biden and Mr. Heinz in the acquisition of Henniges by the Chinese government [CCP] creates a potential conflict of interest,” Senate Finance Committee Chairman Chuck Grassley (R-Iowa) wrote in an Aug. 14, 2019 letter.
“Both are directly related to high-ranking Obama administration officials. The Department of State, then under Mr. Kerry’s leadership, is also a CFIUS member and played a direct role in the decision to approve the Henniges transaction. The appearance of potential conflicts, in this case, is particularly troubling given Mr. Biden’s and Mr. Heinz’s history of investing in and collaborating with Chinese companies, including at least one posing significant national security concerns,” he added.
In 2014, BHR invested in China General Nuclear Power Corp., the largest nuclear power company in the country. The company was indicted in 2016 in a nuclear power conspiracy against the United States.
The BHR fund also helped Face++, a Chinese company involved in collecting biometric data, raise more than $400 million. The United States sanctioned the company due to its involvement in human rights abuse tied to concentration camps in Xinjiang, where millions of ethnic Uighurs and other Muslim minorities are imprisoned.
Despite his promise to resign from the BHR board, Hunter still holds a 10 percent equity stake, according to Chinese business records reported by Daily Caller.
On Tuesday, President Donald Trump criticized Biden’s support in admitting China into the World Trade Organization and warned that if Biden won the election, it would benefit the CCP.
“If Biden wins, China wins. It’s as simple as that,” President Trump said.