Hunter Biden, Former Biden Aide Invested in Chinese Company Tied to Communist Party Then-Vice President Joe Biden and son Hunter Biden attend a women's ice hockey preliminary game between the U.S. and China at UBC Thunderbird Arena in Vancouver, Canada in 2010. (Bruce Bennett/Getty Images)
By Solange Reyner | Thursday, 20 January 2022 06:21 PM
Hunter Biden and a former top Biden aide invested in a Chinese company with ties to the Communist Party, according to emails obtained by Fox Business.
Rosemont Seneca Partners, an investment firm co-founded by Hunter Biden in 2009 along with Christopher Heinz, stepson of former Secretary of State John Kerry, and Devon Archer, an American businessman who was Heinz's classmate at Yale University, held a 5% investment stake in Harves Amusement Parks and ownership in Harves Sports and Entertainment at some point in 2017, according to an email from Hunter Biden's longtime business partner, Eric Schwerin.
Harves is backed by the state-owned China Development Bank.
Biden's introduction to the group came in 2015 when Francis Person, an adviser to then-Vice President Joe Biden, invited him to China to meet his business partner, Bo Zhang.
"Bo Zhang and his family would host us. They are a great family with great respect and relationships in China," Person wrote, according to Fox.
"Bo graduated from American Univ and is in his late 20's, and his parents own Harves Century Group of Shenyang — which is a top tier private Chinese real estate development firm," Person wrote. "His mom is actually the Chairman of the company, which is unique in China. They are very private, and wouldn't tell anyone about you coming. Bo's father-in-law is actually the Governor of Hainan (Chinese Hawaii), which he doesn't advertise at all."
Person's email went on to say that Zhang is "being groomed to take over his family's dynasty" and that the trip was about "grow[ing] that relationship," adding that "there will be plenty of big things that come down the road that we can work on."
Person also said Harves was partnering with NBA stars Magic Johnson and LeBron James in 2016 to "host an NBA Global Game in China."