President Joe Biden’s son Hunter Biden is reportedly still invested in a Chinese company months after the president claimed his family would divest from foreign businesses.
“Three Chinese business websites indicate Hunter is a ‘sponsor/shareholder’ with three ‘million yuan ($464,000) invested in the company, purportedly comprising a 10% stake in the China-based business venture,'” the Washington Examiner reported on Monday.
“The firm in which Hunter is reportedly invested, Skaneateles, is said to have ‘access to tens or hundreds of millions of dollars for Chinese and global investments and set up a complicated web of China-based and Cayman Island shell companies and subsidiaries,’” the report added.
White House deputy press secretary Andrew Bates reportedly referred the outlet to “Jen’s comments and Hunter Biden’s representatives.”
In July, White House Press Secretary Jen Psaki was asked about Hunter’s Chinese company connections.
“He has been working to unwind his investment, but I would certainly point you — he’s a private citizen. I would point you to him or his lawyers on the outside on any update,” Psaki said.
NEW: Hunter Biden appears to still hold a 10% stake in a Chinese firm which invested in CCP-linked companies the U.S. sanctioned — tech company which assisted in Uyghur abuses & nuclear company which sought to acquire U.S. nuclear tech to benefit the PLA.https://t.co/t50e8wu3j0
— Jerry Dunleavy (@JerryDunleavy) September 27, 2021
It now appears the July discussion was not the end of the story. Eight months into Biden’s term as president, his son reportedly remains invested in a Chinese firm sanctioned by the U.S. government.
Former New York Mayor Rudy Giuliani shared contents from Hunter Biden’s infamous laptop with the New York Post published on Saturday that reveals additional information regarding Hunter’s business dealings.
“Hunter Biden pursued lucrative deals involving China’s largest private energy company — including one that he said would be ‘interesting for me and my family,'” the Post reported on Sunday.
The new information appears to back up the reports from last year regarding Hunter’s business dealings and his influence during his father’s time as vice president and beyond.
The fact that the president’s son remains invested in a sanctioned Chinese company remains a concern, as Biden has already shown himself closely connected in other ways with China that have angered some Americans.