Home Economy Jamie Dimon jokes that JPMorgan will outlast China’s Communist Party

Jamie Dimon jokes that JPMorgan will outlast China’s Communist Party

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JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. REUTERS/Brian Snyder

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Nov 23 (Reuters) – JPMorgan Chase and Co’s (JPM.N) Chief Executive Officer Jamie Dimon joked on Tuesday that his bank would last longer than China’s Communist Party.

While reiterating his bank’s commitment to doing business in China, Dimon said: “I made a joke the other day that the Communist Party is celebrating its 100th year – so is JPMorgan. I’d make a bet that we last longer.”

Dimon added: “I can’t say that in China. They are probably listening anyway.” He was speaking as part of a Boston College series of CEO interviews.

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JPMorgan has been operating in China since 1921, the same year the Communist Party was founded there.

It has branches in many Chinese cities, including…

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