In August, the Chinese government granted JPMorgan unprecedented full foreign ownership of a securities brokerage-a sign of the bank's clout in the eyes of the country's financial planners and another indication of major American financial interests in the Chinese market.ĭimon's wide-ranging interview on Tuesday also included not-so-subtle hints about China's future financial safety and its links to the CPC leadership's wider geopolitical ambitions in the region with regard to Taiwan. As a CPC member, I can understand they want to associate themselves with the CPC's popularity." In response to Dimon's quasi-apology, Hu said on Weibo: "The CPC is far more successful in its field than JPMorgan is in its own. Speaking in that way can take away from constructive and thoughtful dialogue in society, which is needed now more than ever." In another clarification, the JPMorgan CEO said: "It's never right to joke about or denigrate any group of people, whether it's a country, its leadership, or any part of a society and culture. I was trying to emphasize the strength and longevity of our company." "I regret and should not have made that comment. In a statement released by the bank on Wednesday, Dimon withdrew the remarks. The post, liked 12,000 times, was followed up with a similar tweet in English: "Think long-term! And I bet the CPC will outlast the USA." Because I bet the Communist Party of China will definitely outlive the United States of America." With Dimon's words having been plastered all over Chinese social media service Weibo, where nationalistic sentiment has left users particularly sensitive to remarks that could be regarded as insulting to China or its ruling party, Hu wrote in a post: " should think long-term. 2 Chinese Activists Who Supported #MeToo Movement, Also Disappeared.Russia Wants to Broker an Iran-Saudi Deal and Biden Doesn't Seem to Mind.Environmentalists OK with Tapping Oil Reserves, Reminder of Clean Energy.JPMorgan CEO 'Regrets' Joke Company Would Last Longer Than CCP.