Hunter Biden still holds a stake in a Chinese private equity firm despite reports last month that he was in the process of divesting from the company.
Business records show that Biden holds a 10% stake in BHR Partners through his company, Skaneateles LLC.
Multiple news outlets reported in late December that Biden was “in the process” of divesting his share in the company.
BHR manages over $2 billion in assets and is co-owned by the Bank Of China, which is controlled by the Chinese government.
“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. Period. Period. End of story,” President Biden said during a campaign event in Iowa last year.
Hunter Biden’s business dealings became a hot-button issue during the 2020 presidential campaign after a New York Post report revealed emails that raised questions about Joe Biden’s connection to his son’s overseas business dealings.
The White House did not immediately respond to a request for comment from the Washington Examiner.
