JPMorgan Chase Chief Executive Jamie Dimon regretted his comments that the Wall Street bank would outlast the Communist Party of China.
“I regret it and shouldn’t have made that comment. I was trying to emphasize the strength and longevity of our company“, said Dimon in a statement issued by the bank.
Speaking in a series of Boston College interviews with CEOs on Tuesday, Dimon said: “I made a joke the other day that the Communist Party is celebrating its centenary and so is JPMorgan. I’d bet we last longer”.
“I can’t say that in China. Anyway, they are probably listening”He added.
A spokesperson for JPMorgan He added that Dimon had acknowledged that “you should never speak lightly or disrespectfully about another country or its leaders. “
“During the discussion Jamie made it clear that China and its people are very smart and very thoughtful.”.
His saying he regretted the comments comes a week after Dimon received an exemption from the Hong Kong government to visit the financial center controlled by China without needing to pass the quarantine.
Visitors to the city from most countries must be quarantined in a hotel for two to three weeks at their own expense.
Dimon He was in Hong Kong for 32 hours after arriving on a private plane.
JPMorgan He has big ambitions in China and in August he obtained regulatory approval from Beijing to become the first foreign owner of a brokerage firm in the country.
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