The ties of the private Chinese investment firm BHR Partners, where Hunter Biden, the son of former Vice President Joe Biden, served as a director, has over the years maintained close financial ties with the China General Power Company (CGN), a company accused of stealing U.S. nuclear technology for the Chinese Communist Party (CCP).
As columnist Natalie Winters of The National Pulse pointed out, since its inception in 2013 Hunter Biden served as director, BHR Partners was a $10 million keystone investor to CGN’s IPO (initial public offering).
By 2014, BHR Partners had become the second largest investment firm of the year, establishing an IPO valued at more than $3 billion.
“BHR Partners was a joint venture between Rosemont Seneca Partners, an investment fund founded by Hunter Biden and Obama-era Secretary of State John Kerry’s stepson [Christopher Heinz], in 2009, and the state-owned Bank of China,” Winters notes in her column.
“The billion-dollar fund was notoriously birthed less than two weeks after Hunter traveled to China alongside his father and then Vice President,” she added.
Winters pointed out that in 2017 the Justice Department accused CGN’s general consultant Allen Ho decades of conspiring and illegally contributing to the development of special nuclear material outside the United States.
Ho’s activities were part of CGN’s plan to transfer American nuclear secrets to China and were identified by the Justice Department as “significant damage to our national security.”
Meanwhile, on Oct. 13, 2019, Hunter Biden said he would disassociate himself from the Chinese private equity firm BHR Partners because of an alleged conflict of interest between its assets and his father Joe Biden’s presidential bid, The Federalist reported.
However, there is no evidence that Hunter has ended his association with the private equity fund. Instead, he held shares for months after announcing his retirement, the Daily Caller News Foundation pointed out.
“Hunter Biden has served as an unpaid member of the BHR board since its founding in 2013, and in October 2017 he earned his share of the company with an investment of $420,000, according to [George] Mesires,” wrote Winters. George Mesires is Hunter Biden’s lawyer.
According to the investor’s website, “BHR manages the equivalent of $2.1 billion in assets.”
According to an article in the New York Post, in May 2017 Hunter met with Ye Jianming, president of the Chinese energy company CEFC in order to establish possible financial links with the United States and after the meeting Ye sent a 2.8-carat diamond to Hunter along with a “thank you” card.
Six months later, a CEFC executive was arrested on bribery charges in New York and the first call he made was to Hunter’s uncle, James Biden, who assured The New York Times that he believed [the call] was for Hunter” and that he had “passed on his nephew’s contact information.”
“All of this adds up to an extremely troubling pattern. Much of the media, as they so often do, have chosen to air the spin, rather than the facts, on this issue. Did the Chinese give favorable treatment to Hunter Biden to curry favor with his vice president father?” noted New York Post.
“The American public deserves to understand what exactly Hunter Biden was doing overseas and the extent of then-Vice President Biden’s involvement,” the article concluded.