China’s Foreign Ministry said it accepted the apology offered by Jamie Dimon, CEO of JPMorgan Chase, for a comment he made about the Communist Party and noted that he hoped the media would stop “promote” the topic.
Dimon maintained that JPMorgan would outlast the Communist Party of China, a comment issued Tuesday during an event. On Wednesday, the executive stated that he regretted his comment.
“I read reports on the sincere reflection of the person involved“, Held Zhao Lijian, spokesman for the Ministry of Foreign Affairs. “I think this is the right attitude. I hope that the media will stop promoting the issue ”.
Dimon’s words have generated controversy in Hong Kong financial circles and bankers were surprised that the executive made such statements given how delicate it is to make deals with China.
However, China experts in the United States said Dimon’s prompt apology should ensure no serious damage is done to the bank’s long-term ambitions.
On Wednesday, Dimon and JPMorgan issued statements to minimize the possible consequences.
“I’m sorry and I shouldn’t have made that comment. I was trying to emphasize the strength and longevity of our company”Acknowledged the executive in a statement issued by the bank.
In a second statement from the bank later, Dimon stated: “It is never correct to joke or denigrate a group of people, be it a country, its leadership or any part of a society and culture ”.
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