Hunter Biden arrives at the West Gate of the U.S. Capitol for Joe Biden’s inauguration on Jan. 20, 2021.
The White House press secretary has confirmed that President Joe Biden’s son, Hunter Biden, still holds a stake in a Chinese private equity firm.
White House Press Secretary Jen Psaki, when asked at a press briefing Friday (Feb. 5) whether Hunter Biden owns shares in Bohai Harvest RST Shanghai Equity Investment Fund Management (BHR) in Shanghai, China, said replied, “He’s been trying to get out of his investments.”
Psaki’s comments side-step a previous report in the conservative U.S. media outlet The Daily Caller that Hunter Biden still holds a stake in the Chinese company.
She then told reporters to ask Hunter Biden for details.
I can tell you for sure – he’s a private citizen,” she said. I will refer you to him or his attorney for any new developments.”
Hunter Biden did not respond to The Epoch Times’ request for comment.
Previously, George Mesires, an attorney representing President Biden’s son, said in an Oct. 13, 2019, statement that Hunter Biden intends to resign from BHR’s board of directors on or before Oct. 31, 2019.
Business records show that Hunter Biden left BHR’s board of directors on April 20, 2020.
However, Hunter still holds a 10 percent stake in BHR through his company, Skaneatels LLC.
According to D.C. corporate records obtained by the Daily Caller, Hunter Biden is the sole beneficial owner of Skaneateles LLC.
Previously, President Biden told CNN’s Jake Tapper that his Family would not own foreign businesses to avoid conflicts of interest.
“My son, my family, will not be involved in any business that has a conflict of interest or a potential conflict of interest with the president and the administration,” he said in a Dec. 3, 2020, interview.
According to the assessment of Biden’s top intelligence officials, Hunter Biden’s stake in BHR could be a target for exploitation.
Director of National Intelligence Avril Haines said during his confirmation hearing that the Chinese Communist Party is an adversary of the United States on “certain issues.
She said, “China (the Communist Party) is hostile and an adversary on some issues, and on other issues we try to work with them, whether it’s on climate change or other issues.”
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