China says it takes note of JPMorgan chief’s sincere regret for remark


BEIJING (Reuters) – China’s Foreign Ministry said on Thursday it took note of the regrets of JPMorgan Chase chief executive Jamie Dimon for a remark he made about the ruling Communist Party in the country and said that he hoped the media would stop “hype” on the issue.

On Wednesday, Dimon said he regretted his remark in an event on Tuesday that the Wall Street bank would outlast the Chinese Communist Party (CCP), acting quickly to avoid any longer-term fallout.

See also  Bed Bath & Beyond CEO Says Stock Rise is 'Moment in Time' Amid Recovery Plan

“I have taken note of the information on how the person involved has sincerely thought about it. I think this is the right attitude. I hope the media involved stop hype about this issue,” he said. Foreign Ministry spokesman Zhao Lijian at a regular daily briefing in response to a question.

Dimon’s comments risked jeopardizing JPMorgan’s growth ambitions in China, where he obtained regulatory approval in August to become the first full-fledged foreign owner of a securities brokerage firm in the country. Chinese experts in the United States, however, said his quick apology should ensure that no serious damage has been done.

See also  Paytm Ready For Trading Debut After $ 2.5 Billion IPO

“I regret and should not have made this comment. I was trying to highlight the strength and longevity of our business,” Dimon said in a statement released by the bank.

(Reporting by Yew Lun Tian; writing by Tony Munroe; editing by David Clarke)


Please enter your comment!
Please enter your name here