The Biden family connection to Chinese investment partnership runs through
Chinese Ministry of Foreign Affairs Yang Jiechi currently serving in the Politburo and as the
Director of the Office of Foreign Affairs of the Communist Party of China. Yang served
extensively at the Chinese embassy in Washington meeting with Senator Biden regularly.
The Hunter Biden investment partnership was managed through Ministry of Foreign Affairs
institutions designed to garner influence with foreign leaders during Yang’s tenure as
Foreign Minister. Chinese financial industry sources indicate that the partnership is believed to have a direct line to the Politburo. Background research supports this assertion.
The primary broker arranging the Bohai Harvest Rosemont investment partnership
Michael Lin is a Taiwanese national living in Hong Kong who has worked for key Chinese
state firms known to engage in illicit technology transfer as head of their international investments. During his time running Thornton, Mr. Lin worked primarily for Chinese state institutions under the Ministry of Foreign Affairs and Chinese state-owned enterprises. Separate national intelligence agencies have confirmed that Michael Lin is a person of interest for his work on behalf of China.
The BHR investment partnership is entirely a state managed operation. Bohai is a
state owned entity and the BHR partnership is under Bank of a China a major state owned
bank. The investment partnerships and clients are primarily state owned and engage in
financial transactions that have little reason other than to funnel revenue and assets to the
BHR partnership. The BHR investment partnership has no reason for existence other than political payoff.
Hunter Biden remains invested in the BHR investment partnership holding 10%
through a Washington DC based holding company. His visits to China meeting with state owned companies that would become investors began prior to his father’s election in 2008 and continued regularly even likely meeting the Ukrainian prime minister and his entourage during one trip to Beijing. Given the Chinese state client and state backed investment nature of the fund, it is difficult to see what Hunter Biden provides to the investment partnership.
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Chris Heinz and his step father Secretary of State John Kerry appear to have clear
ethical problems with Chinese investment. Evidence indicates that Kerry was invested in,
directly or indirectly, via Kerry Heinz family trusts in the businesses of his step son Chris
Heinz. During his tenure as the Secretary of State, his step son Heinz was selling assets to
China in which he had a direct or indirect financial stake through family trust vehicles and investing in a Chinese state owned partnership investment firm. This seems to present clear ethical problems.
Based upon current state assets under management of $6.5 billion and industry
standard fees and conservative estimates for capital appreciation, the Hunter Biden stake in
BHR would likely be worth at least $50 million USD. Based upon an original investment of
$400,000 this would represent a gain of 12,400% from 2013 to 2020. Given the
circumstances, this seems problematic on many levels.