JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for "real engagement" between policymakers in Washington and Beijing, as Sino-U.S. relations continue to fray.
Speaking at the JPMorgan Global China Summit in Shanghai — in his first visit to China since his 2021 apology for joking that JPMorgan would outlast the Chinese Communist Party — Dimon said that security and trade disputes between the world's two largest economies over are "resolvable."
"You're not going to fix these things if you are just sitting across the Pacific yelling at each other, so I'm hoping we have real engagement," Dimon said, according to Reuters.
In November 2021, Dimon expressed "regret" over remarks that JPMorgan would outlast China's ruling party, seeking to limit damage to the bank's growth ambitions in the country.
The comments that invoked Beijing's ire came shortly after JPMorgan won regulatory approval to become the first foreign company to establish full ownership of a securities brokerage in China.
Persons:
Jamie Dimon, Chinese Communist Party — Dimon, Dimon, JPMorgan
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JPMorgan Chase, Company, Banking, Housing, Urban Affairs, Capitol, JPMorgan Global China Summit, Chinese Communist Party, Reuters, East, JPMorgan, Top U.S
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Washington , U.S, Washington, Beijing, U.S, Shanghai —, China, West, Top, South China