HUNTER Biden’s memoir has topped Amazon’s “Biographies” list for China as it’s revealed he maintains a holding in a Chinese investment firm despite vowing to divest himself of the funds.
Hunter’s yet-to-be-released book, Beautiful Things, is not due for release until April 6 but is available to be ordered in advance and has apparently already proved popular in China.
Joe Biden said his family “will not be involved in any business … that is in conflict with or appears to be a conflict, with the appropriate distance from, the presidency and the government,” while he’s president.[/caption]
Hunter Biden’s book is apparently in high demand in China, despite not yet being released.[/caption]
It’s not yet known how Hunter’s book ended up being listed by Amazon as a classification for “Chinese biographies”.
The Daily Mail reports he is likely to have received an advance of up to $2 million for writing the work and stands to make millions more if he allows his life story to be filmed.
It comes as Hunter Biden still maintains a 10 percent holding in a Chinese investment firm despite pledging to divest himself of the funds before his father’s January inauguration.
In the final month of his election campaign, President Biden pledged that his family would be free of foreign dealings and Hunter said he would offload his stake in Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co. before his father’s inauguration.
Joe Biden, left, (pictured with his son Hunter Biden) pledged that his family would be free of foreign dealings by the time he was inaugurated as President.[/caption]
“My son, my family will not be involved in any business, any enterprise, that is in conflict with or appears to be a conflict, with the appropriate distance from, the presidency and the government,” Joe Biden said during a CNN sit-down interview in the lead-up to the presidential election.
“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.”
Then-President-elect Joe Biden (C), his son Hunter Biden (L) and his wife Jill Biden (R).[/caption]
“No one in my family will have an office in the White House,” Joe Biden said before he was inaugurated.[/caption]
White House Press Secretary Jen Psaki confirmed that Hunter was “working to unwind his investments” during a press briefing Friday.
“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 in response to a question from a reporter.
Both the Daily Mail and Fox News reported in late December that Hunter was in the process of offloading his stake in the firm. Both outlets cited an unnamed source with knowledge of Hunter Biden’s business dealings.
However, Hunter Biden continues to own 10 percent of BHR through his company, Skaneateles LLC, as of Friday, according to Qixinbao and Baidu, two independent services that provide business records on Chinese corporations based on China’s National Credit Information Publicity System, the Daily Caller reports.
Hunter Biden pledged in October 2019 that he wouldn’t serve on any foreign boards if his father won the 2020 presidential election.
The statement stopped short on pledging full divestment from foreign entities but he did resign from the BHR board at that time after his father received increased scrutiny during his presidential bid.
He also emphasized that his involvement with the company began after Joe Biden was no longer vice president under the Obama administration.
“Hunter neither played a role in the formation or licensure of the company, nor owned any equity in it while his father was Vice President,” attorney George Mesires, said in a 2019 statement.
“He served only as a member of its board of directors, which he joined based on his interest in seeking ways to bring Chinese capital to international markets. It was an unpaid position.”
When BHR was formed in 2013, Hunter Biden joined on as an unpaid director.
BHR was funded by the Bank of China, a state-owned entity, as well as other Chinese government financial firms, the Daily Mail reports.
In October 2017, after his father left office, Hunter Biden became a shareholder in BHR, according to regulatory filings in China.
He invested $420,000 and also attained a 10 percent equity position in BHR Partners.
“Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests,” Mesires said.
“In any event, Hunter will agree not to serve on boards of, or work on behalf of, foreign-owned companies.”
An investigation from the Republican-led Senate during the Trump administration found no evidence that Joe Biden had influenced U.S. foreign policy to benefit his son.
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It’s unclear if Hunter Biden expects to receive a return on his approximately $420,000 investment in BHR. Hunter Biden’s lawyer, George Mesires did not immediately return a request for comment, Breitbart reports.
BHR manages the equivalent of $2.1 billion in assets and is co-owned by the Chinese state-controlled Bank of China.