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Hunter Biden continues to invest in equity firm linked to China's central bank

Added 05-01-21 12:18:02am EST - “First Son Hunter Biden continues to own a large stake in a Chinese private equity firm, in defiance of President Joe Biden's pledge that his family would divest in foreign business interests.” - Nypost.com

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Posted By TheNewsCommenter: From Nypost.com: “Hunter Biden continues to invest in equity firm linked to China’s central bank”. Below is an excerpt from the article.

First Son Hunter Biden continues to own a large stake in a Chinese private equity firm, in defiance of President Joe Biden’s pledge that his family would divest in foreign business interests.

Hunter’s company, Skaneateles LLC, holds a 10 percent stake in Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co., according to business records reviewed by The Daily Caller.

In 2019, then-candidate Biden vowed that his family would be free of international financial entanglements; a contrast to the Trump Organization’s global footprint.

“No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country,” Biden said at the time.

Hunter stepped down from BHR’s board in 2019 over increased scrutiny of his father’s bid for the Democratic nomination.

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