Hunter Biden’s China Connections
March 16, 2018 by Jeff Carlson, CFA
In December of 2013, Vice President Biden and his son Hunter Biden flew to China on Air Force Two.
Ten days after the trip, a subsidiary of the Bank of China signed a deal with Hunter Biden’s investment firm, Rosemont Seneca Partners, to form a $1 billion joint-venture investment fund called Bohai Harvest RST.
The deal was later increased to $1.5 billion.
Rosemont Seneca Partners is an investment LLC under the ownership umbrella of Rosemont Capital.
Unlike most financial firms, Rosemont is headquartered in Washington DC.
Rosemont Capital, formed in 2009, is controlled by Hunter Biden and Christopher Heinz, the stepson of former Secretary of State John Kerry.
Also involved is Devon Archer, a longtime Heinz and Kerry friend. Archer was a fundraiser for Kerry’s 2004 presidential campaign.
A third partner in the China deal was the Thornton Group – headed by Whitey Bulger’s nephew, James Bulger.
The information was revealed in Peter Schweizer’s new book, Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends.
From an excerpt in the New York Post:
The American delegation was visiting Japan, China, and South Korea. But it was the visit to China that had the most potential to generate conflict and controversy. The Obama administration had instituted the “Asia Pivot” in its international strategy, shifting attention away from Europe and toward Asia, where China was flexing its muscles.
For Hunter Biden, the trip coincided with a major deal that Rosemont Seneca was striking with the state-owned Bank of China. From his perspective, the timing couldn’t have been better.
Vice President Biden, Hunter Biden arrived to a red carpet and a delegation of Chinese officials. The delegation was then whisked to a meeting with Vice President Li Yuanchao and talks with President Xi Jinping.
Hunter and Finnegan Biden joined the vice president for tea with US Ambassador Gary Locke at the Liu Xian Guan Teahouse in the Dongcheng District in Beijing. Where Hunter Biden spent the rest of his time on the trip remains largely a mystery.
What was not reported was the deal that Hunter was securing. Rosemont Seneca Partners had been negotiating an exclusive deal with Chinese officials, which they signed approximately 10 days after Hunter visited China with his father. The most powerful financial institution in China, the government’s Bank of China, was setting up a joint venture with Rosemont Seneca.
In 2009 Hunter Biden, Chris Heinz and Devon Archer formed Rosemont Capital – an alternative investment fund for the Heinz Family.
According to an email revealed as part of a Securities and Exchange Commission investigation, Rosemont described themselves as “a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz,” with Devon Archer as “Managing Partner.”
Rosemont Capital contains several funds – Rosemont Seneca Partners, Rosemont Seneca Technology Partners, and Rosemont Realty – separate legal entities owned by Rosemont Capital.
Rosemont Seneca Partners formed the joint venture with China – along with the Thorton Group.
Thornton Group is run by James Bulger, the nephew of mob figure James “Whitey” Bulger.
https://themarketswork.com/2018/03/16/hunter-bidens-china-connections/