For some, the soft stance of United States president Joe Biden is puzzling. While there could be several reasons for that, reports have emerged claiming that this is because the Bidens had engaged in different investments in China that were arranged by individuals that had ties with Chinese intelligence.

Further, the alleged ties reportedly reached as far as China’s top spy agency. In all, Joe Biden allegedly benefitted from these said deals.

There were five deals mentioned in the report from the Post. At the top of the list is an estimated $20 million investment in Bohai Harvest RST that involved Hunter Biden.

Hunter allegedly introduced his father Joe to a company executive in December 2013 when both flew to Beijing on Air Force Two. He would resign in 2019 according to his lawyer, George Mesires, and that the 51-year-old would receive nothing in return.

Despite that move, the second son of US President Joe Biden still owned an alleged 10% stake of the company.

These allegations were rebuffed by Team Biden. They also claimed that his stake in the BHR investment fund was only $420,000.

However, Steven Kaplan, who researches issues in private equity, venture capital, entrepreneurial finance, corporate governance and corporate finance at the University of Chicago Booth School of Business said that it would be unimaginable to consider that the 10% stake was only worth $420,000.

“The distinction they appear to be making is they capitalized the management company with $4.2M even if the fund manages $2B. The value of that management company is likely far in excess of $4.2M if they are managing $2B,” Kaplan said in an email.

Beyond that, there were four other alleged deals the Bidens had entered in with China. They include:

  1. $5 million deal with Burnham Asset Management
  2. $188,000+ deal with Dragon Head
  3. $6 million deal with CEFC China Energy
  4. $1 million deal with CEFC’s Patrick Ho

While Hunter Biden appears to be in the midst of it all, his father and the family are also implicated. It also hints that Joe Biden benefitted from these financial deals that happened courtesy of executives linked to Chinese spies.

As things stand now, only an investigation can clear things out with Americans wanting answers as to why the Bidens received some $31 million and what promises or influence did it buy.

Hunter Biden
Hunter Biden (C), President-elect Joe Biden's son, and other family members attend a farewell ceremony at the Major Joseph R. "Beau" Biden III National Guard/Reserve Center January 19, 2021 in New Castle, Delaware. Getty Images | Chip Somodevilla

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