Hunter did accompany his father to China in 2013, and ten days later he did enter into a Chinese private equity fund. However, he never got paid for sitting on the board, nor did he initially invest.
He didn't acquire an equity interest until 2017, after his father left office. And he only put in $420,000 which was a 10% interest.So the total capitalization of the fund at the time at about $4.2 million -- and that's nowhere near the $1.5B that Trump is claiming.
The $1.5B number comes from a book "Secret Empires" by Peter Schweizer. Affiliates of the advisory firm had said they planned to raise $1.5 billion, but it appears the fundraising fell far short of that. The planned amount never materialized.
Not that Trump has EVER exaggerated facts or outright lied to make a point...
Ye sealed the new alliance with a rich gift — a 3.16-carat diamond worth $80,000. Photographs of the stunning stone appear on Hunter’s laptop along with a grading report that lists it as a “round brilliant” of Grade F with prime “VS2” clarity and “excellent” cut.
Using the document as a source, the Grassley-Johnson report of Nov. 18, 2020, says: “At the time of the transfers, State Energy HK Limited was affiliated with CEFC China Energy, which was under the leadership of Ye Jianming. In the past, State Energy HK Limited transferred funds to at least one company associated with Hunter Biden’s business associate, Gongwen Dong …
“These transactions are a direct link between Walker and the communist Chinese government and, because of his close association with Hunter Biden, yet another tie between Hunter Biden’s financial arrangements and the communist Chinese government.” The Senate report concluded it was “unclear what the true purpose is behind these transactions [$6 million from CEFC] and who the ultimate beneficiary is.” We know from the laptop that Hunter received regular payments from Robinson Walker. One document lists $56,603.74 from Robinson Walker as income for Rosemont Seneca Advisors, between June and December 2017. Rob Walker paid at least $511,000 to Hunter’s firm Owasco in 2017, according to an email from Hunter’s tax accountant, Bill Morgan.