{"id":846613,"date":"2021-10-04T20:28:34","date_gmt":"2021-10-05T00:28:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=846613"},"modified":"2021-10-04T20:28:37","modified_gmt":"2021-10-05T00:28:37","slug":"hunter-biden-remains-financially-tied-to-chinese-equity-firm-that-invested-in-sanctioned-facial-recognition-company-records-show","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-biden-remains-financially-tied-to-chinese-equity-firm-that-invested-in-sanctioned-facial-recognition-company-records-show\/","title":{"rendered":"Hunter Biden Remains Financially Tied To Chinese Equity Firm That Invested In Sanctioned Facial Recognition Company, Records Show"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhunter-biden-remains-financially-tied-to-chinese-equity-firm-that-invested-in-sanctioned-facial-recognition-company-records-show%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=846613&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Hunter Biden continues to hold a minority stake in a Chinese private equity firm that invested in a technology company that was sanctioned in 2019 for committing human rights violations against Uyghurs.<\/p>\n<p>President Joe Biden promised in October 2019 during his campaign that nobody in his family would have any business relationship with any foreign corporation or country if he won the White House. The president <a href=\"https:\/\/www.foxnews.com\/media\/cnn-jake-tapper-biden-interview-hunter-biden\">reiterated<\/a> his promise in December 2020 after his election victory, saying his son would \u201cnot be involved in any business, any enterprise that is in conflict with or appears to be in conflict with an appropriate distance from the presidency and government. \u201d<\/p>\n<p>\u201cNo one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country,\u201d Joe Biden said in <a href=\"https:\/\/dailycaller.com\/2021\/04\/29\/hunter-biden-bhr-partners-100-days\/\">October 2019<\/a>. \u201cPeriod. Period. End of story.\u201d<\/p>\n<p>Despite his father\u2019s promises, Hunter Biden continues to hold a 10% equity stake in the Chinese equity firm, <a href=\"https:\/\/dailycaller.com\/2021\/04\/29\/hunter-biden-bhr-partners-100-days\/\">BHR Partners<\/a>, through his company, Skaneateles LLC, according to <a href=\"https:\/\/www.qixin.com\/company\/d65265d8-3668-4d69-961d-e106f5a32024\">business records<\/a> accessed Monday from China\u2019s National Credit Information Publicity System.<\/p>\n<p>White House Press Secretary <a href=\"https:\/\/dailycaller.com\/2021\/02\/05\/white-house-confirms-that-hunter-biden-will-divest-from-chinese-private-equity-firm\/\">Jen Psaki<\/a> said in early February that Hunter Biden was in the process of divesting his ownership stake in BHR Partners, which he <a href=\"https:\/\/dailycaller.com\/2020\/07\/05\/hunter-biden-chinese-board-bhr-partners-10-percent\/\">obtained<\/a> with a $420,000 investment in October 2017.<\/p>\n<p>Psaki told <a href=\"https:\/\/youtu.be\/bPYrJKatiDQ?t=2654\">reporters<\/a> Monday that Hunter Biden was still in the process of winding down his investment in the firm and directed further questions to his representatives.<\/p>\n<p>It\u2019s not clear if Hunter Biden expects to receive a return on his investment in BHR Partners after his divestment is complete.<\/p>\n<p>Hunter Biden\u2019s lawyer, George Mesires, has not returned numerous inquiries from the Daily Caller News Foundation.<\/p>\n<p>BHR is co-owned by the Chinese state-controlled Bank of China, its business records show, and manages the equivalent of $2.1 billion in assets, according to its <a href=\"http:\/\/www.bhrpe.com\/list.php?catid=31&amp;page=1\" target=\"_blank\" rel=\"noopener noreferrer\">website<\/a>.<\/p>\n<p>The same month Hunter Biden purchased his 10% stake in BHR Partners, the private equity firm purchased a stake in the Chinese facial recognition company <a href=\"https:\/\/www.washingtonpost.com\/politics\/hunter-biden-says-he-will-resign-from-chinese-company-board-and-wont-take-foreign-work-if-his-father-is-president\/2019\/10\/13\/fa79ec64-ec30-11e9-bafb-da248f8d5734_story.html\">Megvii<\/a>, which was later <a href=\"https:\/\/s3.amazonaws.com\/public-inspection.federalregister.gov\/2019-22210.pdf\">sanctioned<\/a> by the U.S. government in 2019 for its alleged involvement in implementing \u201cChina\u2019s campaign of repression, mass arbitrary detention, and high-technology surveillance against Uyghurs, Kazakhs, and other members of Muslim minority groups in the Xinjiang Uyghur Autonomous Region.\u201d<\/p>\n<div id=\"attachment_7070847\" class=\"wp-caption alignnone\" readability=\"36\">\n<p id=\"caption-attachment-7070847\" class=\"wp-caption-text\">President-elect Joe Biden embraces his son Hunter Biden after addressing the nation from the Chase Center on November 07, 2020, in Wilmington, Delaware. (Andrew Harnik-Pool\/Getty Images)<\/p>\n<\/div>\n<p>Mesires said in an October 2019 <a href=\"https:\/\/medium.com\/@george.mesires\/a-statement-on-behalf-of-hunter-biden-dated-october-13-2019-d80bc11087ab\">statement<\/a> that his client had not received any return on his investment in BHR Partners up to that point.<\/p>\n<p>However, emails located on a copy of Hunter Biden\u2019s alleged laptop show that he was told on multiple occasions by his business partner Eric Schwerin that he could expect to receive significant payments from BHR beginning in 2019, the DCNF previously reported.<\/p>\n<p>\u201cBHR is due to have a significant distribution in 2019 because of the CATL exit,\u201d Schwerin told Hunter Biden in a November 2018 email. <strong><a href=\"https:\/\/dailycaller.com\/2020\/12\/16\/hunter-biden-emails-bhr-distributions\/\">(EXCLUSIVE: Hunter Biden Was Due To Receive \u2018Significant\u2019 Payments From Chinese Private Equity Firm Starting In 2019, Emails Show)<\/a><\/strong><\/p>\n<p>In another email the following month Schwerin told Hunter Biden that he can expect BHR to generate income for him \u201cover the next couple of years.\u201d<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hunter Biden continues to hold a minority stake in a Chinese private equity firm that invested in a technology company that was sanctioned in 2019 for committing human rights violations &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-846613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/846613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=846613"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/846613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=846613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=846613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=846613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}