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China states that JP Morgan’s chief has mentioned that he truly regrets his remarks.

File Photo: JP Morgan CEO Jamie Dimon will speak at the Boston College CEO’s Club Luncheon on November 23, 2021 in Boston, Massachusetts, USA.Reuters / Brian Snyder

November 25, 2021

Beijing (Reuters)-China’s Foreign Ministry noted on Thursday that JPMorgan Chase CEO Jamie Dimon expressed regret about the country’s ruling Communist Party, and the media called the issue ” He said he wanted to stop “hype”.

On Wednesday, Mr Dimon said he regrets his remarks at the previous day’s event that Wall Street banks will last longer than the Chinese Communist Party (CPC) and will act swiftly to prevent long-term fallout.

“I focused on reports on how the individuals involved reflected in good faith. I think this is the right attitude. I hope the media involved will stop hype about this issue. “Masu,” Foreign Ministry spokesman Zhao Lijian answered questions and told regular daily briefings.

Dimon’s remarks have become a hot topic in Hong Kong’s financial community. Bankers were surprised that JP Morgan’s boss would comment given the sensitivity of dealings with China.

However, Chinese experts in the United States said Dimon’s swift apology should ensure that the long-term ambitions of banks have not been seriously damaged.

In a series of interviews with the CEO of Boston University on Tuesday, Dimon said: We bet on longevity. “

“I can’t say that in China. They’re probably listening anyway,” he said.

On Wednesday, Dimon and JP Morgan issued two statements to curb potential fallout.

“I regret and shouldn’t have commented on it. I was trying to emphasize the strength and longevity of the company,” Dimon said in a statement released by the bank.

In a second statement later issued by the bank, Dimon said:

JP Morgan has strong growth ambitions in China and, with regulatory approval in August, became the first full foreign owner of a securities broker. It was approved ahead of US rival Goldman Sachs, who was initially expected to take full ownership of the mainland securities business.

(Report by Yew Lun Tian, ‚Äč‚ÄčAdditional Report by Scott Murdoch on Hong Hong, Written by Tony Munroe, Edited by David Clarke)



China states that JP Morgan’s chief has mentioned that he truly regrets his remarks.

Source link China states that JP Morgan’s chief has mentioned that he truly regrets his remarks.

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