According to a new report, President Joe Biden’s son Hunter and a well-known former Biden aide invested in a Chinese company with strong ties to the Communist party.
As Fox News reports:
EXCLUSIVE: As recently as March 2017, Hunter Biden’s private equity firm held a stake in a company run by a Chinese executive with ties to officials at some of the highest levels of the Communist Party of China, according to emails reviewed by FOX Business.
Hunter Biden’s longtime business partner, Eric Schwerin, sent him an email in March 2017 breaking down the ownership interests of Rosemont Seneca Advisors, which included a 5% stake in Harves Amusement Parks and ownership in Harves Sports and Entertainment.
Biden’s introduction to the Harves Group came about two years earlier, when Francis Person, who served as an adviser to then-Vice President Biden from 2009 to 2014 and was a “special assistant” to Biden in the Senate, sent an email to Hunter Biden in July 2015 inviting him to China the following month to meet his business partner, Bo Zhang, and his family.
FOX Business reached out to Person and Zhang to inquire about the relationship between Harves and the Chinese government and whether they have played a role in approving any of their business contracts along with a series of other questions, but neither of them responded. In Person’s 2015 email to Hunter Biden, he revealed that Zhang’s father-in-law was the governor of Hainan at the time. A timeline shows that Liu Cigui was the governor in 2015 and according to The Diplomat, Cigui was considered to be a “Xi loyalist.”
The Bidens have continued to receive criticism from conservatives for what many consider to be their overly cozy relationship with Chinese business interests.