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Global executives typically choose their words carefully when discussing China, where foreign companies have occasionally been faced a backlash for perceived offences. JPMorgan Chase has operated in China since 1921 Its other business interest in China include asset management and futures business.
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In August, the bank won regulatory approval from Beijing to become the first full foreign owner of a securities brokerage in the country. In late 2019, the bank received approval to establish a majority-owned securities joint venture, offering brokerage, investment advisory and underwriting services. It has branches in many Chinese cities, including Beijing, Shanghai, Shenzhen and Guangzhou. JPMorgan has been operating in China since 1921, the same year the Communist Party was founded there. They are probably listening anyway.” He was speaking as part of a Boston College series of CEO interviews.
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I’d make a bet that we last longer.”ĭimon added: “I can’t say that in China. While reiterating his bank’s commitment to doing business in China, Dimon said on Tuesday: “I made a joke the other day that the Communist Party is celebrating its 100th year – so is JPMorgan. JPMorgan Chase and Co’s Chief Executive Officer Jamie Dimon jokes that his bank will last longer than China’s Communist Party.