468:, a Chinese state-owned mining company. The New York Times report said while BHR's role in the mine purchase did not attract much attention when Biden was running for President, it had received newfound scrutiny in light of Biden's warning that China's domination of the cobalt market could undermine American efforts to electrify its car industry. The deal has drawn criticism from a variety of sources for the possible involvement of Hunter Biden, including his continued 10% ownership stake in BHR, although a former BHR board member told the
228:, "Bohai is China's oldest private equity firm, having launched the country's first yuan-denominated fund in 2006. Harvest Fund Management is one of China's largest asset managers, with previous private equity ventures, including with a jointly held fund investing in both domestic and overseas real estate". Thornton Group is a Boston-based cross-border investment advisory firm founded by Michael Lin and James Bulger, son of former Massachusetts state Senate President
256:, in June 2013, " Li, Archer, and other business partners signed a memorandum of understanding to create the fund, which they named BHR Partners, and, in November, they signed contracts related to the deal. Hunter became an unpaid member of BHR’s board but did not take an equity stake in BHR Partners until after his father left the White House ".
27:
201:
BHR was one of twenty-five investors to take part in the capital injection of
Sinopec Marketing Co. and their investment of approximately (US)$ 1.7bn dollars was the 7th largest of the group, giving them a 1.68% shareholding interest out of an available 29.99%. As part of the approved agreement,
174:) is a Chinese private equity firm. The company was renamed to BHR Partners (Shanghai) Equity Investment Fund Management Co., Ltd. on May 31, 2023. BHR Partners was founded in 2013 by Bohai Industrial Investment Fund Management Co., Ltd., which is controlled by
835:
779:
209:, and two U.S. organisations, Thornton Group LLC and Rosemont Seneca Partners (thus the name BHR for the first initials of three of the four asset management founding firms). The Chinese registered asset managers are
596:
198:. Its registered address is China (Shanghai) Pilot Free Trade Zone and principal place of business at Unit 3101, 31/F, Tower 2, China Central Place, 79 Jianguo Road, Chaoyang District, Beijing."
437:, as well as assisted a subsidiary of a Chinese defense company in acquiring an auto parts manufacturer in Michigan. It also reported in detail how BHR, whose founding board members included
1107:
799:
765:
317:
1112:
472:
that Biden and the other
American BHR founders were not involved in the mine deal. Hunter Biden's possible involvement in the deal has also been criticized due to
922:
780:"Grassley Raises Concerns Over Obama Admin Approval of U.S. Tech Company Joint Sale to Chinese Government and Investment Firm Linked to Biden, Kerry Families"
535:
402:
Mining S.A. for $ 1.14 billion in cash. Lundin held a 30% interest in TF Holdings, a holding company, and an effective 24% stake in the mining operation.
324:
raised concern about the CFIUS process, citing potential conflicts of interest." The state-run AVIC was involved in stealing sensitive data regarding the
936:
784:
724:
1066:
1028:
664:
1117:
388:
309:
971:
743:"Senator wants inquiry into whether 'conflict of interest' led to US approval of deal involving Chinese state company and Joe Biden's son"
406:
Inc. currently owns the remaining 70% stake in TF Holdings (an effective 56% of the mine), but is in the process of selling its stake to
954:
384:
280:
Capital, and other major
Chinese financial institutions. Bohai Harvest has also partnered with a subsidiary of China's conglomerate
684:
836:"China steals US designs for new weapons, and it's getting away with 'the greatest intellectual property theft in human history'"
461:
411:
817:
853:
517:
325:
370:
205:
BHR was founded on
November 1, 2013, by two Chinese-registered asset managers, Bohai Industrial Investment Fund and
354:
742:
571:
269:
433:
reported that BHR Partners helped finance a coal-mining company in
Australia that was controlled by a Chinese
221:. The U.S. partners as a pair and the two Chinese partners each own a 30% stake in the joint management firm.
1047:
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272:, facilitating offshore investment for Chinese investors. The website said the company has "the support of
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whose focus is on mergers and acquisitions, investments, and reforms as part of the country's
955:"Lundin Mining to Sell Stake in African Mine for $ 1.14 Billion" (possibly subscription only)
264:
The firm set out in 2014 to raise $ 1.5 billion for investments, some in dollars and some in
1092:
477:
465:
407:
403:
399:
442:
429:
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236:. Rosemont Seneca is a Washington, D.C.-based investment and advisory firm, founded by
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640:"Chinese Fund Backed by Hunter Biden Invested in Technology Used to Surveil Muslims"
615:
414:, where the Tenke mine is located, owns the remaining 20% of the mine. According to
438:
329:
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245:
237:
93:
89:
937:"Hinkley Point C: case against Chinese firm has the feel of a modern spy thriller"
373:, providing government authorities access to data that shows personal information.
892:
377:
800:"America says China's fifth-generation jet fighter J-31 stolen from its F-35"
665:"Bohai, Harvest and U.S. Investment Firms Expand Target for Outbound Fund",
445:
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190:
BHR was established specifically for the purpose of capital injection into
26:
362:
553:
536:"Hunter Biden's China firm is small fish in China's private equity pond"
366:
313:
298:
1067:"Hunter Biden linked investment firm 'helped' Chinese buy cobalt mine"
1029:"Hunter Biden linked investment firm 'helped' Chinese buy cobalt mine"
909:
572:"China Petroleum & Chemical Corporation Foreign Issuer Report 6-K"
418:, "the Government of DRC knew nothing about until after it happened."
1048:"Race to the Future: What to Know About the Frantic Quest for Cobalt"
1046:
Lipton, Eric; Searcey, Dionne; Forsythe, Michael (20 November 2021).
1010:"Race to the Future: What to Know About the Frantic Quest for Cobalt"
1008:
Lipton, Eric; Searcey, Dionne; Forsythe, Michael (20 November 2021).
989:
Forsythe, Michael; Lipton, Eric; Searcey, Dionne (20 November 2021).
453:
340:
268:. The yuan investments were to be converted to U.S. dollars through
168:
BHR Partners (Shanghai) Equity
Investment Fund Management Co., Ltd.
20:
BHR Partners (Shanghai) Equity
Investment Fund Management Co., Ltd.
415:
195:
1093:
RIDING THE DRAGON: The Bidens' Chinese
Secrets (Full Documentary)
357:
and spy on its citizens. The application has been used to spy on
766:"Explainer: Trump's claims and Hunter Biden's dealings in China"
518:"Explainer: Trump's claims and Hunter Biden's dealings in China"
923:"U.S. tightens controls on China imports of nuclear components"
818:"Stolen F-35 secrets now showing up in China's stealth fighter"
320:(CFIUS), and in August 2019, Senate Finance Committee Chairman
991:"How Hunter Biden's Firm Helped Secure Cobalt for the Chinese"
387:(CGN). In 2016, the U.S. Justice Department charged CGN with
301:
Group’s non-oil business into
Sinopec Marketing Corporation";
297:
reform deal "involving the segregation and capitalization of
599:(10 July 2023). "The Bidens’ Influence Peddling Timeline".
312:
Auto; total transaction valued at around US$ 600 million;
1087:
725:"Henniges Automotive acquired by China's AVIC Automotive"
213:-backed Bohai Industrial Investment Fund Management and
972:"DRC's largest mine was just sold. And DRC got nothing"
854:"New Snowden Documents Reveal Chinese Behind F-35 Hack"
595:
293:
2014 - Approximately RMB4 billion in the Chinese pilot
887:
885:
872:"Chinese facial recognition firm Megvii raises $ 750m"
498:"A Timeline of Hunter Biden's Life and Legal Troubles"
349:, invested in Face++, a mobile phone app built by the
339:
In 2017, BHR invested in a Chinese technology company
893:"Trump's claims and Hunter Biden's dealings in China"
685:"Will Hunter Biden Jeopardize His Father's Campaign?"
316:
reported that the "deal was subject to review by the
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and later incorporated the stolen data into China’s
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Committee on Foreign Investment in the United States
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383:Investments in China's main nuclear energy firms,
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398:Corp's minority stake in African copper mine
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961:, November 15, 2016. Retrieved 2016-11-15.
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394:In November, 2016, BHR agreed to purchase
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18:
1113:Investment management companies of China
912:, company webpage. Retrieved 2016-11-16.
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657:
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618:, company webpage. Retrieved 2019-11-4.
576:U.S. Securities and Exchange Commission
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410:Co. for a reported $ 2.65 billion. The
669:, July 10, 2014. Retrieved 2016-11-16.
16:Private investment fund based in China
611:
609:
601:U.S. House of Representatives website
480:, of which cobalt is a key material.
194:, in accordance with the laws of the
7:
1065:Millward, David (21 November 2021).
1027:Millward, David (21 November 2021).
248:, who is the son of U.S. President
14:
385:China General Nuclear Power Group
343:. BHR, according to reporting in
462:Democratic Republic of the Congo
412:Democratic Republic of the Congo
139:Bohai Industrial Investment Fund
361:in China's western province of
131:CN¥12 billion (April 2017)
448:, facilitated the purchase of
376:Investments in 3Bio Inc., and
1:
1118:Private equity firms of China
705:. The Gazette. April 25, 2010
703:"Henniges Automotive is back"
683:Entous, Adam (July 1, 2019).
452:, one of the world's richest
326:Joint Strike Fighter program
925:. Reuters. 11 October 2018.
785:Senate Committee on Finance
768:. Reuters. October 4, 2020.
73:; 11 years ago
1134:
597:House Oversight Committee.
211:BOC International Holdings
202:Sinopec retained 70.01%.
603:Retrieved 4 January 2024.
556:Retrieved 5 January 2024.
170:(commonly referred to as
24:
540:South China Morning Post
389:stealing nuclear secrets
308:with strategic partner,
270:Shanghai Free-Trade Zone
391:from the United States.
355:mass surveillance state
295:State-Owned Enterprises
219:Harvest Fund Management
207:Harvest Fund Management
180:state-owned enterprises
142:Harvest Fund Management
435:state-owned enterprise
427:In November 2021, the
278:China Development Bank
731:. September 11, 2015.
474:President Joe Biden's
192:Sinopec Marketing Co.
176:Bank of China Limited
145:Rosemont Seneca Bohai
62:Investment Management
842:. 24 September 2019.
450:Tenke Fungurume Mine
371:“re-education” camps
39:晟荣星远（上海）私募基金管理有限责任公司
959:Wall Street Journal
824:. 20 December 2015.
806:. 13 November 2015.
667:Wall Street Journal
306:Henniges Automotive
226:Wall Street Journal
21:
1052:The New York Times
1014:The New York Times
995:The New York Times
860:. 27 January 2015.
804:The Economic Times
788:. August 15, 2019.
749:. August 16, 2019.
542:. 14 October 2019.
506:. 8 December 2023.
503:The New York Times
369:are being held in
351:Chinese government
147:Thornton Group LLC
58:Financial services
978:. August 3, 2016.
943:. 11 August 2016.
899:. 4 October 2019.
524:. 3 October 2019.
478:electric vehicles
476:ongoing push for
242:Christopher Heinz
224:According to the
186:Business Overview
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707:. Retrieved
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579:. Retrieved
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469:
460:deal in the
439:Hunter Biden
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344:
330:Chengdu J-20
288:Transactions
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246:Hunter Biden
238:Devon Archer
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172:BHR Partners
171:
167:
166:
102:Headquarters
94:Devon Archer
90:Hunter Biden
44:Company type
709:4 September
554:BHR website
456:mines in a
423:Controversy
260:Fundraising
97:Jonathan Li
35:Native name
1102:Categories
747:Yahoo News
616:"About Us"
581:18 October
484:References
113:Key people
446:Joe Biden
441:, son of
378:Didi Taxi
336:fighters.
282:HNA Group
250:Joe Biden
822:Fox News
363:Xinjiang
217:-backed
86:Founders
54:Industry
910:"Funds"
897:Reuters
522:Reuters
367:Uyghurs
359:Muslims
314:Reuters
304:2015 -
299:Sinopec
152:Website
76: (
68:Founded
454:cobalt
341:Megvii
244:, and
136:Owners
470:Times
416:Oxfam
157:bhrpe
711:2017
583:2020
332:and
310:AVIC
266:yuan
159:.com
78:2013
71:2013
464:by
196:PRC
127:AUM
119:CEO
1104::
1069:.
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993:.
974:.
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895:.
884:^
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