
Bidens held a 10% stake in BHR Shanghai) Equity Investment Fund Management Co., and not in a Chinese Bank run by CCP.
The BHR website states that it had been 'formed in the Shanghai Free Trade Zone in December 2013 as its first cross-border investment private equity firm. BHR is the cross-border investment arm of the Bohai Industrial Investment Fund, itself among China's first-ever RMB-denominated private equity funds approved by the State Council. BHR, with its unique mixed ownership, combines the resources and platforms of China's largest financial institutions (including Bank of China, China Development Bank Capital, Harvest Fund, Postal Savings Bank of China, China Life and the National Council of Social Security Fund) and the networks and know-how of our U.S.-based investment fund and advisory firm shareholders.'
Therefore, we can conclude that BHR is not a Chinese Bank run by CCP, as claimed by Pam Bondi on the second night of the Republican National Convention. Furthermore, according to a Bloomberg company profile for BHR, Li is listed as the CEO and director as of May 2020. Biden's name is not included in the profile, either as an executive or a board member. Hence, we do not know if Hunter Biden still holds the 10% stake in BHR.
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