JPMorgan CEO Dimon jokes his bank will outlast China's Communist Party

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. REUTERS/Brian Snyder

Nov 23 (Reuters) – JPMorgan Chase and Co’s (JPM.N) Chief Executive Officer Jamie Dimon joked that his bank would last longer than China’s Communist Party while speaking in Boston Tuesday.

While reiterating his bank’s commitment to doing business in China, Dimon said: “I made a joke the other day that the Communist Party is celebrating its 100th year – so is JPMorgan. I’d make a bet that we last longer.”

Dimon added: “I can’t say that in China. They are probably listening anyway.”

JPMorgan has been operating in China since 1921, the same year the Communist Party was founded there. Earlier this year, it won approval from Chinese regulators to fully own its…