CEO Jamie Dimon joked that JPMorgan will outlast the Chinese Communist Party during a recent trip to Hong Kong.
Hong Kong JPMorgan has made significant inroads in China over the last couple of years. Now the bank's top boss is cracking jokes about whether his firm can outlast the country's powerful political machine.
Speaking at an event in Boston on Tuesday, JPMorgan CEO Jamie Dimon 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. So is JPMorgan," he said, referring to the bank's recent celebration of a century of operation in China."And I'll make a bet we last longer." "I can't say that in China," Dimon added with a chuckle.
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