JPMorgan Chase & Co CEO Jamie Dimon on Wednesday warned 'uncertainty' caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need 'real engagement' on security and trade issues.
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., pauses as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco BelloCEO Jamie Dimon on Wednesday warned "uncertainty" caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need "real engagement" on security and trade issues.
A two-year long crackdown on the technology sector has also led to some uncertainty about business prospects in the country. China has since eased the crackdown and stepped up support for private companies. "I liked the fact that Janet Yellen, Secretary of Treasury, President Biden, the National Security Adviser, and Secretary of State have been talking about derisking," Dimon said.
The communist party chief of Shanghai shook hands with Dimon on Tuesday, telling him the city hoped the bank would continue to promote investment in the financial hub by international financial institutions.
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