What We Know About Hunter Biden’s Business in China

A spokesman for the Biden campaign also said that the former vice president never discussed the China venture with his son.

The only known connection between the elder Mr. Biden and BHR came in early December 2013 in Beijing. Mr. Biden, who had traveled to China on official business as vice president, met and shook hands with his son’s business associate, Jonathan Li, in the lobby of the hotel where the American delegation was staying, according to an account in The New Yorker. The magazine said Hunter Biden had arranged the encounter with Mr. Li, who was headed for a post as BHR’s chief executive.

Hunter Biden went along to Beijing, too, because his young daughter had been invited and needed to be chaperoned, according to Mr. Mesires. He said that his client and Mr. Li met for coffee on the trip but that it was only a social chat. “He conducted no business there,” the lawyer said.

Several days after the trip, BHR won a business license from the Chinese government. Mr. Mesires said that the registration paperwork had already been submitted and that the timing of the approval was purely coincidental. Hunter Biden was not involved in the firm’s registration, and its approval “was not related in any way, shape or form to Hunter’s visit,” he said.

To raise funds, BHR teamed up with some of China’s leading state-owned financial companies, including its biggest indirect shareholder, Bank of China, as well as China Development Bank and the country’s social security fund, according BHR’s website. The Wall Street Journal reported in 2014 that the firm was seeking to raise $1.5 billion.

That figure was then cited by Peter Schweizer, a conservative author, in a 2018 book detailing the China business ties of some prominent American political families. Mr. Schweizer was also the author of the 2015 book “Clinton Cash.”

Until October 2017, well after his father had stepped down from the vice presidency, Hunter Biden had no equity stake in BHR, Mr. Mesires said. He said Mr. Biden bought a stake in the firm in the name of a company named Skaneateles L.L.C. for the equivalent of about $420,000. That gave him about 10 percent of the company’s registered capital of 30 million renminbi, China’s currency. Skaneateles is the New York hometown of Hunter Biden’s mother, who died in 1972.

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