Chinese State Reportedly Gave Hunter $6.5 billion to Invest

If you read this report, you will question how Joe Biden can be trusted to make any decisions regarding the interests of the United States. 

Christopher Balding is an associate professor at Fulbright University Vietnam, in Ho Chi Minh City and author of “Sovereign Wealth Funds: The New Intersection of Money and Power.” He has a blog called Balding’s World, which he’s run since 2012, and has made hundreds of posts to.

This week he posted a short blog entry titled “Report on Biden Activities with China” that links to a 63-page report, called “Project Time,” which is attributed to Typhoon Investigations. The report was researched for a client who was concerned about financial risk to his investments, originating from overall political risks. Most of the sources cited are publicly available in China.

Balding introduces it thus:

A number of months ago, I was approached by an individual I had known for the better half of a decade. I had known this individually professionally and enjoyed their company and deep insight into our overlapping professional interests. Consequently, I would not infrequently seek out their professional opinion. They had written a research report for a client worried about political risk that involved background on the Biden’s in China. This individual believed that the information that had been discovered, and with the approval of the client, needed to make its way into the public domain.

They asked my help in putting the research report in the hands of press asking them just to use the information for their own professional purposes leaving the report anonymous. Knowing this individual and the quality of work they do, I agreed after reviewing in detail the report that was produced. There are a couple of key points about the report.

First, it is almost exclusively taken from public sources and documentation. Everything from Chinese news reports to corporate records. The report is immaculately cited so that anyone who wishes to replicate where a specific piece of information was found or see the underlying documentation can do so.

Balding emphasizes: “I will not be disclosing the individual who did write this report. They have very valid reasons to fear for both their personal safety and professional risks. Throughout the years that I have known this individual we never discussed politics. I have never heard them criticize any political party other than the CCP. They are not a Republican.”

He adds: “I did not vote for Donald Trump in 2016 and have significant concerns about his policies in areas like immigration. Having lived in China for nine years throughout the Xi regimes construction of concentration camps and having witnessed first hand their use of influence and intelligence operations, the Biden links worry me profoundly.”

Having lived in China for nine years throughout the Xi regimes construction of concentration camps and having witnessed first hand their use of influence and intelligence operations, the Biden links worry me profoundly.

The report documents that Hunter Biden formed investment partnerships that included money from the Chinese government, social security, and major state-owned banks a veritable who’s who of Chinese state finance.

It is not simply the state money that should cause concern but the structures and deals that took place. Most investment in specific projects came from state owned entities and flowed into state backed projects or enterprises. Even the deals speak to the worst of cronyism. The Hunter Biden investment firm share of a copper mine in the Congo was guaranteed with assets put at risk by the larger copper company to ensure deal flow to Hunter’s firm.

Balding provides a quick summary of the linked 63-page PDF:

Key Points of the Report:

      1. Joe Biden’s compromising partnership with the Communist Party of China runs via Yang Jiechi (CPC’s Central Foreign Affairs Commission). YANG met frequently with BIDEN during his tenure at the Chinese embassy in Washington.
      1. Hunter Biden’s 2013 Bohai Harvest Rosemont investment partnership was set-up by Ministry of Foreign Affairs institutions who are tasked with garnering influence with foreign leaders during YANG’s tenure as Foreign Minister.
      1. HUNTER has a direct line to the Politburo, according to SOURCE A, a senior finance professional in China.
      1. Michael Lin, a Taiwanese national now detained in China, brokered the BHR partnership and partners with MOFA foreign influence organizations.
      1. LIN is a POI for his work on behalf of China, as confirmed by SOURCE B and SOURCE C (at two separate national intelligence agencies).
      1. BHR is a state managed operation. Leading shareholder in BHR is a Bank of China which lists BHR as a subsidiary and BHR’s partners are SOEs that funnel revenue/assets to BHR.
      1. HUNTER continues to hold 10% in BHR. He visited China in 2010 and met with major Chinese government financial companies that would later back BHR.
      1. HUNTER’s BHR stake (purchased for $400,000) is now likely be worth approx. $50 million (fees and capital appreciation based on BHR’s $6.5 billion AUM as stated by Michael Lin).
      1. HUNTER also did business with Chinese tycoons linked with the Chinese military and against the interests of US national security.
      1. BIDEN’s foreign policy stance towards China (formerly hawkish), turned positive despite China’s country’s rising geopolitical assertiveness.

Balding’s post thus far has been covered or mentioned by Zero Hedge, Red State, World Net Daily, the Manhattan Contrarian, Tyler Cowen at Marginal Revolution, and various other blogs. Inside Higher Ed has previously noticed that Balding has left China because he no longer feels safe there.

Read the whole thing here.

 

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