Dimon says he regrets comment on JPMorgan outlasting China Communist Party

dimon says he regrets comment on jpmorgan outlasting china communist party

Sumary of Dimon says he regrets comment on JPMorgan outlasting China Communist Party:

  • Dimon’s comments had risked jeopardizing JPMorgan’s growth ambitions in China where it won regulatory approval in August to become the first full foreign owner of a securities brokerage in the country.
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  • Article content “I regret and should not have made that comment.
  • ” Referring to the matter in a comment posted on Twitter on Thursday, the outspoken editor of nationalistic tabloid Global Times, Hu Xijin, said: “You don’t have to regret actually.
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  • Article content “The CPC has succeeded in its sphere far more than JP Morgan’s.
  • Beijing sees the involvement of foreign banks as important for China’s domestic financial development, academics say.
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