[5] BHR was established specifically for the purpose of capital injection into Sinopec Marketing Co., in accordance with the laws of the PRC.
"[5] BHR was one of twenty-five investors to take part in the capital injection of Sinopec Marketing Co. and their investment of approximately US$1.7 billion dollars was the 7th largest of the group, giving them a 1.68% shareholding interest out of an available 29.99%.
[9] According to the Wall Street Journal, "Bohai is China's oldest private equity firm, having launched the country's first yuan-denominated fund in 2006.
[8] In November 2021, the New York Times reported that BHR Partners helped finance a coal-mining company in Australia that was controlled by a Chinese state-owned enterprise, as well as assisted a subsidiary of a Chinese defense company in acquiring an auto parts manufacturer in Michigan.
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.