1. Joe Biden met with Hunter’s Chinese partners days before they established a new investment firm.
In December 2013, Hunter landed in Beijing aboard Air Force Two, accompanying his father on an official visit to China. Less than two weeks later, Hunter’s company, Rosemont Seneca, became a partner in a new investment company backed by the state-owned Bank of China.
Christening the new firm Bohai Harvest RST (BHR), the partners set out to raise $1 billion for the new fund.
Representatives of the Biden family have denied any connection between the vice president’s visit and Hunter’s business. However, a BHR representative told The New Yorker earlier this year that Hunter used the opportunity to introduce his father to Chinese private equity executive Jonathan Li, who became CEO of BHR after the deal’s conclusion.
Join the conversation as a VIP Member