Jamie Dimon says he regrets joking about the Chinese Communist Party - CNN
Nov 25, 2021 1 min, 30 secs
Speaking at an event in Boston on Tuesday, the JPMorgan (JPM) CEO said he "made a joke" during a recent trip to Hong Kong, referencing the ruling Chinese Communist Party's 100th anniversary.

"The Communist Party is celebrating its 100th year.

I was trying to emphasize the strength and longevity of our company," he said.

A JPMorgan spokesperson said the bank was committed to China and that Dimon had made clear during the discussion in Boston that "China and its people are very smart and very thoughtful."

"Dimon acknowledges that he should never speak lightly or disrespectfully about another country or its leadership," the spokesperson added.

In a statement at the time, Dimon called China "one of the largest opportunities in the world for many of our clients and for JPMorgan Chase."

Last week, Dimon also made headlines on his trip to Hong Kong, where he was granted a special government exemption to skip one of the world's longest quarantines.

Hong Kong leader Carrie Lam said the executive received special permission in the interest of "Hong Kong's economy," citing the size of the bank's business in the city, which is home to its regional headquarters.

Dimon cited that trip on Tuesday, saying, "Obviously, I don't have freedom of speech in China ...

I don't have it in Hong Kong anymore either." He did not elaborate further.

The American CEO was speaking at Boston College, where he gave a wide-ranging talk on the United States, China and other topics.

At one point, Dimon compared the political and economic approaches in both countries, saying that in the United States, "we have the gifts of our founding fathers: freedom of speech, freedom of religion, freedom of enterprise, freedom of human capital, immigration."

"If you opened up the doors of America, a billion people would come here.

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