The investment firm that Hunter Biden continues to hold a 10% stake in has invested in Chinese Communist Party-linked firms the United States has sanctioned, including a technology company accused of assisting in human rights abuses against the Uyghurs and a nuclear company that allegedly conspired to acquire U.S. nuclear technology to benefit China’s military, reported Washington Examiner.
The younger Biden still holds a 10% equity stake in Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company, according to Chinese business records, despite pledges from President Joe Biden that his family would not have any foreign business ties and White House press secretary Jen Psaki saying in February that the president’s son “has been working to unwind” his stake in the firm.
BHR, which counts Hunter Biden as a former board member and current significant stakeholder, has made extensive investments in multiple controversial Chinese companies, including Megvii Technology, sanctioned in 2019 for its alleged participation in China’s repression and high-technology surveillance in Xinjiang, and the state-owned China General Nuclear Power Group, blacklisted in 2019 for having allegedly attempted to acquire U.S. nuclear technology for military use in China. The Chinese investment firm also teamed up with the state-owned Aviation Industry Corporation of China, which was hit with sanctions in 2021 for its role in China’s military-industrial complex. BHR and AVIC purchased Michigan-based Henniges Automotive in 2015.