JPMorgan chief executive Jamie Dimon has vowed to “deepen” the bank’s engagement with China, according to a state media account of a meeting between the banker and senior Chinese officials that included Beijing’s top trade negotiator.
The meetings came weeks after Beijing and Washington agreed to cut respective tariffs by 115 percentage points for 90 days, a marked de-escalation of trade tensions. Dimon’s comments can be seen as a further sign of the rapprochement in tensions between the US and China.
In a meeting with trade negotiator and vice-premier He Lifeng, Dimon said the US bank would “deepen its engagement” with China’s capital markets as well as helping multinationals in the mainland and Chinese companies in their overseas development, according to the Xinhua news agency.