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Public fund tycoon Zhao Xuejun was arrested, and the truth was shocking. He was involved in transferring more than 220 million yuan to American political families. The King of Understanding investigated the sleeping million and found the insider for us.

Just last week, the former chairman of Harvest Fund, Zhao Xuejun, was arrested. Harvest Fund quickly issued a temporary announcement, disclosing that Chairman Zhao Xuejun was cooperating with the relevant departments in the investigation. The reason for his arrest was personal and had nothing to do with the company. Zhao Xuejun had already resigned.

This incident caused a huge shock in the financial circle. Harvest Fund is a trillion-dollar giant in the domestic public offering, ranking fourth after E Fund, Hua Xia and GF Fund.

Investors have speculated whether this is related to insider trading. After all, public funds have suffered heavy losses in recent years. A few days ago, it was reported that Liu Yanchun of Invesco Great Wall had a loss of 43.763 billion yuan in three years, and his management fee was 3.653 billion yuan, and he personally took 138 million yuan, which triggered criticism from investors. However, the reason why Zhao Xuejun was arrested this time is different. From the statement released by Harvest Fund, it is said that it was Zhao Xuejun's personal reasons and had nothing to do with the company.

So what kind of person is Zhao Xuejun and what has he done?

Zhao Xuejun, whose English name is Henry Zhao, is a big shot in the public offering circle. He started to work as the general manager of Harvest Fund Management Co., Ltd. at the age of 34 and has been at the helm of the company for 24 years. He can be said to be the soul of Harvest Fund Management Co., Ltd. As early as April, the National Audit Office entered Harvest Fund Management Co., Ltd. and required all senior executives to be on duty. At that time, Zhao was studying at an American university, and there were rumors that Zhao Xuejun had run away. However, in May, he posted a dynamic that he had learned something new in the United States. In early June, Zhao Xuejun appeared in the office of Harvest Fund Management Co., Ltd. in Beijing, which clarified the rumors of running away. But not long after, it was reported that Zhao Xuejun was taken away for investigation, and Zhao was finally arrested.

After the incident, a screenshot of Hunter Biden's chat was circulated. The gist of the chat was that Biden Jr. was with his father and specifically asked Zhao to fulfill a promise.

It was later confirmed that the chat record was a mistake. It was actually between Hunter Biden and Raymond Zhao of CEFC, not Henry Zhao, and had nothing to do with Harvest Fund. However, the chat record also revealed that Zhao Xuejun had a close relationship with the Biden family in the United States.

Some media have dug up relevant information from the U.S. House of Representatives documents. The Chinese fund manager Henry Zhao here is really Zhao Xuejun this time. Zhao Xuejun is clearly mentioned in the documents. The U.S. House of Representatives Oversight and Accountability Committee asked a witness, Jason Galanis, who worked with Hunter Biden in 2014-2015, whether he knew about Hunter Biden using Joe Biden's information to benefit his partners and which partners were involved.

The witness clearly mentioned that Chinese fund manager Henry Zhao, like Russia's Yelena Baturina and Ukraine's Mykola Zlochevsky, is a business partner of the Biden family. The committee also publicly issued two announcements on April 15 and April 17 asking Joe Biden to answer questions about his relationship with Henry Zhao. The committee directly and publicly asked Joe Biden to explain his interactions with the following overseas businessmen: including Li Xiangsheng, Ye Jianming, Zhao Xuejun, and several other foreigners.

Unexpectedly, the US investigation into the Biden family actually uncovered a big mole in the domestic financial circle.

Several of these people, Jonathan Li, was the president of Bohai Industrial Fund and a partner of Zhao Xuejun. Together they founded a private equity company called Shengrong Xingyuan, of which Li Xiangsheng is the chairman. Its largest shareholder is Angju Investment, whose actual controller is Li Xiangsheng. The second largest shareholder, Fengshi Finance, whose director is Zhao Xuejun, and the third largest shareholder, Skaneateles LLC, whose shareholder is Hunter Biden. However, Hunter Biden resigned from the board of directors of Shengrong Xingyuan when his father participated in the election in 2019.

Shengrong Xingyuan was called "Bohai Huamei" before it was renamed.

Bohai Huamei, abbreviated as "BHR" in English, represents the "B" of Bohai Industrial Fund, the "H" of Harvest Fund's English name "Harvest" and the "R" of American capital; the "Huamei" in the Chinese name represents China and the United States, namely Fengshi Finance under Harvest Fund, and overseas shareholder Skaneateles LLC.

Has this company done anything big? Of course, otherwise how could Hunter Biden be involved?

In 2017, Bohai Huamei helped Luoyang Molybdenum acquire 80% of TFM's shares from Canada's Lundin Mining. TFM's most valuable asset is its cobalt mine in the Democratic Republic of the Congo. This deal almost affected the US election. It is obvious that Zhao Xuejun and Li Xiangsheng have done a lot of business with the Biden family through BHR.

In the subsequent investigation of the US Congress, it was alleged that Bohai Huamei became a transnational profit transfer channel through equity investment. Through this channel, Ye Jianming of Huaxin, Che Feng, the boss of Digital Kingdom, and Zhao Xuejun transferred more than 31 million US dollars to American political families. In addition, there are documents exposing Li Xiangsheng's remittance to Hunter Biden, and Joe Biden actually wrote a college recommendation letter for Li Xiangsheng's son. Li Xiangsheng can be said to have connections everywhere.

However, Zhao Xuejun has another identity that has been overlooked. International Zhao is actually the head of an American NGO in China. The American State Legislative Leaders Foundation is an NGO organization founded in 1972. Its members include more than 300 senior members of the US Senate and House of Representatives. The overall specifications are very high and the influence is very large. Henry Zhao is the vice president and president of the Asian branch of the American State Legislative Leaders Foundation. He also serves as the head of the foundation's Beijing office, mainly responsible for Asian affairs.

Zhao Xuejun is the chairman and party secretary of a state-owned financial institution, and the head of an American NGO. Zhao is really good at international affairs. This time, thanks to Trump's digging up dirt on the Biden family, he found out Henry Zhao and other insiders for us. I don't know how many insiders are lurking in the financial circle. This time, we must follow the clues and root them out. Let these insiders have nowhere to hide. What do you think?

That’s all for today’s sharing. Thank you friends for watching. If you like it, please like and follow me. Goodbye.