Alleged Business Ventures Between Hunter Biden and the Chinese Communist Party: A Closer Look

The Fox News Media conglomerate, which includes Fox Business, Fox Nation, Fox News Audio, Fox Weather, Outkick, Books, and various other media outlets, has been at the forefront of reporting on the business dealings of President Joe Biden’s son, Hunter Biden. One of the most intriguing stories that have emerged involves Hunter Biden’s alleged involvement with businesses linked to the Chinese Communist Party (CCP) after his father left the vice presidency.

According to testimony from a former business associate of Hunter Biden, Jason Galanis, who is currently serving a 14-year prison sentence for securities fraud, Joe Biden was allegedly considering joining the board of a joint venture created by Hunter Biden and his business associates with ties to the CCP. Galanis testified that the involvement of Joe Biden would bring “political access in the United States and around the world.”

Galanis worked with Hunter Biden’s partner Devon Archer between 2012 and 2015. Their business together, he said, included the acquisition of Burnham & Co, a division of Drexel Burnham Lambert, combined with “other businesses in insurance and wealth management.” Galanis testified that the three “owned and acquired with total audited assets of over $17 billion.”

The objective of the business was to build a diversified private equity platform, which would be anchored by a globally known Wall Street brand together with a globally known political name. Galanis stated that the entire value-add of Hunter Biden to their business was his family name and his access to his father, Vice President Joe Biden.

Hunter Biden served as vice chairman of the Burnham group and brought strategic relationships to the venture, including from Kazakhstan, Russia, and China. Burnham was the focal point for integrating a ‘Biden family office’ into a large-scale financial company with international influence. They acquired some of Hunter Biden’s companies like RSP Investments and Rosemont Seneca Advisors.

Galanis understood that Joe Biden had discussed joining the board of the CCP-linked joint venture with Harvest Fund Management, a $300 billion Chinese financial services company closely connected to the CCP. Harvest, at that time, had already agreed to be a founding partner of BHR Partners.

Fox News Digital has previously reported that Joe Biden met with Jonathan Li, who worked for BHR Partners, in China in 2013. Galanis explained that Henry Zhao, the director of Harvest, was a contact of Hunter Biden’s.

Hunter Biden was allegedly paid $100,000 through a joint venture with the Chinese energy firm CEFC. Zhao is the recipient of a now-infamous text message Hunter Biden sent after requesting a $10 million wire for the joint-venture, SinoHawk Holdings.

In the text message, Hunter Biden demanded $10 million from the Chinese energy firm because ‘Bidens are the best,’ and they have ‘connections.’ Zhao responded, ‘CEFC is willing to cooperate with the family.’

Ultimately, Joe Biden did not take a seat on the board of the joint venture. However, Galanis testified that Hunter Biden put his father, then-VP Joe Biden, on speakerphone with a Russian oligarch. Galanis recalled being with Hunter Biden and Devon Archer at the Peninsula Bar in New York, where Hunter took a call from his father. He told his father that things were going well with Henry and Harvest and that he might need a little help getting it across the finish line.

Hunter did not put the call on speaker as they were at the bar, but Galanis is certain that Hunter was discussing their business efforts on the Burnham-Harvest partnership, and that the vice president was aware of these efforts. Archer last year testified before the House Oversight Committee that Hunter put his father on speakerphone while meeting with business partners at least 20 times.

The testimony from Jason Galanis provides a fascinating insight into the alleged business dealings between Hunter Biden and the Chinese Communist Party. It raises serious questions about the extent of Joe Biden’s involvement and the potential implications for U.S.-China relations. The ongoing investigation into these matters will undoubtedly shed more light on this complex and intriguing story.

In conclusion, the testimony from Jason Galanis provides a detailed account of the alleged business dealings between Hunter Biden and the Chinese Communist Party. The involvement of Joe Biden, who was then the Vice President of the United States, raises serious questions about the potential implications for U.S.-China relations. The ongoing investigation into these matters will undoubtedly shed more light on this complex and intriguing story. The allegations, if proven true, could have significant political and diplomatic consequences for the Biden administration. The American people have a right to know the truth about these matters, and the media must continue to report on them in an honest and transparent manner.