Hunter Biden’s China investment firm is small fish in China’s private equity pond
- Chinese-backed firm linked to former US vice-president Joe Biden’s son is a small player in China’s private equity market
- Filings show the company shifted focus to yuan investments in China soon after it started because of capital account controls imposed by Beijing
The Chinese private equity firm at the centre of a controversy concerning director and shareholder Hunter Biden is a small entry in China's private equity industry, focused solely on the domestic market after it was blocked from investing abroad by Beijing’s capital account controls, according to corporate filings and government registry information.
BHR (Shanghai) Equity Investment Fund Management Company has grabbed global media attention for its links with Hunter Biden, the son of former United States vice-president Joe Biden, after US President Donald Trump fired a barrage of corruption allegations at him and requested China investigate the Bidens’ financial activities in the country.
Li refused to comment on the younger Biden when reached by the Post on Monday.
A recent visit to the firm’s registered address in Beijing found a small, plainly decorated office, where a receptionist said she had never seen Hunter Biden.