(Picture) Hunter Biden’s business partner Devon Archer (third from left) and Bohai Harvest RST CEO Jonathan Li (third from right) in 2015

Dig on Jonathan Li and Hunter Biden

(Title of Senate Report) Hunter Biden, Burisma, and Corruption: The Impact on U.S. Government Policy and Related Concerns U.S. Senate Committee on Homeland Security and Governmental Affairs U.S. Senate Committee on Finance (Except from pages 73 and 74)

In 2012, Archer and Biden reportedly spoke with Jonathan Li of the Chinese private equity fund Bohai Capital about the possibility of forming a company, Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co. (BHR), that would invest Chinese capital in companies outside of China. BHR was eventually formed as an investment fund and is reportedly “controlled and funded primarily by large Chinese government-owned shareholders” and is 80% controlled by Chinese entities. That list of entities includes the government’s postal savings bank, with which Hunter Biden had networked in 2011, its main development bank, as well as the Bank of China. Hunter Biden served on its board of directors and “joined based on his interest in seeking ways to bring Chinese capital to international markets.” He served unpaid but reportedly acquired a 10% stake in the company in 2017. Prior to its creation, in December 2013 and one month after the shareholders signed contracts relating to the creation of the company, Hunter Biden reportedly flew aboard Air Force Two with then-Vice President Biden to Beijing. While in China, Hunter Biden reportedly helped arrange for Li to “shake hands” with Vice President Biden. Afterward, Hunter Biden met with Li for what was reportedly a “social meeting.” After the China trip, BHR’s business license was reportedly approved.

file:///C:/Users/qaz/Downloads/FINAL%20DRAFT_CLEAN%20COPY%20(2).pdf

Li Xiangsheng "Jonathan"

Chief Executive Officer, Shenyang Bohai Investment

CURRENT POSITION

Chief Executive Officer, Shenyang Bohai Investment

EDUCATION

Nanjing University

University of London

BOARD MEMBERSHIPS

Shenyang Bohai Investment

Bank of Chengdu Co Ltd

INDUSTRY

Asset Management

Board Member

Shenyang Bohai Investment

Bank of Chengdu Co Ltd.

Chief Executive Officer

Shenyang Bohai Investment

PRESENT

President

Shenyang Bohai Investment

https://www.bloomberg.com/profile/person/19846200

What the Chinese decided to do was to shut the company down. The web site no longer exists.

(Headline) Chinese business partner of Joe Biden’s son yet to decide whether to comment after Donald Trump’s call for investigation

Cissy Zhou

Published: 11:00pm, 7 Oct, 2019

A key Chinese business partner of Hunter Biden said the Chinese state-backed private equity company was conducting “internal studies” on whether, and how, to explain the son of former vice-president Joe Biden’s role in the company.

Jonathan Li Xiangsheng, the chief executive of BHR Equity Investment Fund Management Company, said the firm was working to produce an explanation about Hunter’s role when he was reached by the South China Morning Post by telephone, but declined to elaborate.

Filings in China’s National Enterprise Credit Information Publicity System, a government-run corporate database, show that Hunter is a director of the firm, but the company’s website, when it was still accessible last week, had taken down pictures and profiles of Hunter.

The relationship between Hunter Biden and BHR is now at the centre of a controversy after US President Donald Trump publicly called on Beijing last week to investigate the Bidens, alleging that the younger Biden used his father’s position of influence to secure US$1.5 billion in funding from the Chinese venture he was involved in.

https://www.scmp.com/economy/china-economy/article/3031879/hunter-bidens-china-business-partner-yet-decide-whether

CHINESE FUND BACKED BY HUNTER BIDEN INVESTED IN MAJOR CHINESE SURVEILLANCE FIRM

The flurry of media reports about private investment in China’s increasingly sprawling surveillance state left out a prominent investor: Hunter Biden.

Lee Fang

May 3 2019, 4:53 p.m.

ON WEDNESDAY, Human Rights Watch released a troubling report, which it has since walked back, about a phone application made by the Chinese government. The app provides law enforcement with easy, daily access to data detailing the religious activity, blood type, and even the amount of electricity used by ethnic minority Muslims living in the western province of Xinjiang.

The app relies heavily on facial recognition software supplied by Face++, a division of the Chinese startup Megvii, a relationship that sparked questions in the press for Megvii investors. One of the most prominent of these investors is Alibaba Group Holding, which was co-founded by Jack Ma, the wealthiest Chinese billionaire and an icon for the country’s image of entrepreneurship.

The flurry of media reports this week about Face++, Ma, and the role of the private sector in building China’s increasingly sprawling surveillance state, however, left out another prominent investor in the company: Hunter Biden.

Megvii has distanced itself from the Chinese government’s mass surveillance of Muslims. The company has since said that about 1 percent of its revenues were generated from Xinjiang-related business in 2018. After publication of its report, Human Rights Watch said that the Face++ code in the police phone application was inoperable and Megvii said that it did not cooperate with the development of the app. The company has not clarified how its technology showed up in the data collection app. BuzzFeed News has reported the company also supplies technology for “a China-wide surveillance program called the Skynet Project, which uses more than 20 million closed-circuit TV cameras to monitor citizens around the country, policing for criminals.”

The son of the former Vice President Joe Biden has spent much of the last decade building overseas investments and business deals, arrangements that could complicate his father’s bid for the presidency by posing an array of potential conflicts of interest.

Hunter Biden’s investment company in China, known as Bohai Harvest RST, has pooled money, largely from state-owned venture capital, to buy or invest in a range of industries in the U.S. and China. Bohai Harvest has put money into an automotive firm, mining companies, and technology ventures, such as Didi Chuxing Technology, one of the largest ride-hailing companies in the world after Uber. (Hunter Biden, Bohai Harvest, and Joe Biden’s presidential campaign did not respond to a request for comment.)

In 2017, Bohai Harvest bought into Face++, part of a $460 million haul in the company’s Series C investment round. Bohai Harvest’s website features Face++ in its portfolio of investments.

BOHAI HARVEST OPERATES and works with a number of funds to make its various investments, a tangled business structure that has brought Hunter Biden into close proximity to influential Chinese government and business figures, according to a review of Chinese business filings by The Intercept.

https://theintercept.com/2019/05/03/biden-son-china-business/