Presidential hopeful Biden's son steps down from Chinese board in bid to fight back

LONDON - Mr Hunter Biden is stepping down from the board of a Chinese-backed private equity company and promising to forego all foreign work if his father, former US Vice President Joe Biden, is elected president in 2020.

"Hunter always understood that his father would be guided, entirely and unequivocally, by established US policy, regardless of its effects on Hunter's professional interests," the statement said."He never anticipated the barrage of false charges against both him and his father by the President of the United States."

"Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests," the statement said."He will continue to keep his father personally uninvolved in his business affairs."

"Despite extensive scrutiny, at no time has any law enforcement agency, either domestic or foreign, alleged that Hunter engaged in wrongdoing at any point during his five-year term," the statement said. He serves on the board of BHR Equity Investment Fund Management Company, which was set up in 2013 to invest Chinese capital outside China. He previously acknowledged meeting with Mr Jonathan Li, a Chinese banker and partner in the fund, during the 2013 trip but has said it was a social visit and they didn't talk business.

TRUMP CHILDREN Mr Biden's pledge to avoid foreign work if his father wins the White House sets him apart from Mr Trump's children, who have continued working with foreign business partners from Dubai to Indonesia and India while their father sits in the White House.

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