JPMorgan’s Dimon regrets joke about China’s Communist Party

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JPMorgan Chase & Co. JPM,
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According to a video seen by The Wall Street Journal, CEO Jamie Dimon told viewers that he made a joke about his bank kicking out of the Communist Party in Hong Kong. Dimon said in the video, “I was just in Hong Kong and I joked that the Communist Party was celebrating its hundredth year. So is JP Morgan. I can’t say that in China,” the newspaper reported on Wednesday. They’re probably listening anyway.” Dimon recalled the moment at an event at Boston College on Tuesday in response to an audience question about doing business in China. Chinese Foreign Ministry spokesman Zhao Lijian told a daily in Beijing. The news conference shrugged off a question about Dimon’s remarks and dismissed media reports of it as an attempt to attract readers. Dimon said on Wednesday, “I’m sorry and I shouldn’t have made that comment. “I was trying to emphasize the strength and longevity of my company.” Dimon traveled to Hong Kong last week. The bank has 4,000 employees.

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