We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: JPMorgan’s Jamie Dimon to ‘deepen engagement’ with China
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
JPMorgan’s Jamie Dimon to ‘deepen engagement’ with China
The Tycoon Herald > Economy > JPMorgan’s Jamie Dimon to ‘deepen engagement’ with China
Economy

JPMorgan’s Jamie Dimon to ‘deepen engagement’ with China

Tycoon Herald
By Tycoon Herald 4 Min Read
Share
SHARE

Keep knowledgeable with free updates

Merely signal as much as the US-China relations myFT Digest — delivered on to your inbox.

JPMorgan chief govt Jamie Dimon has vowed to “deepen” the financial institution’s engagement with China, in response to a state media account of a gathering between the banker and senior Chinese language officers that included Beijing’s high commerce negotiator.

The conferences got here weeks after Beijing and Washington agreed to chop respective tariffs by 115 proportion factors for 90 days, a marked de-escalation of commerce tensions. Dimon’s feedback could be seen as an extra signal of the rapprochement in tensions between the US and China.

In a gathering with commerce negotiator and vice-premier He Lifeng, Dimon stated the US financial institution would “deepen its engagement” with China’s capital markets in addition to serving to multinationals within the mainland and Chinese language corporations of their abroad growth, in response to the Xinhua information company.

The vice-premier, an in depth ally of President Xi Jinping, stated China needs US corporations to “continue contributing to the healthy, stable and sustainable development of China-US economic and trade relations,” in response to the Xinhua readout.

On Friday, Dimon, whose financial institution is holding an annual convention in Shanghai this week, met Ren Hongbin, president of the China Council for the Promotion of Worldwide Commerce.

Either side exchanged views “on promoting exchanges between the business communities of China and the US and deepening co-operation in the financial investment field”, state media stated.

Beijing has persistently sought to courtroom high US enterprise leaders all through a interval of worsening political relations with Washington. Apple chief govt Tim Prepare dinner and investor Ray Dalio attended a convention within the Chinese language capital in March. Each additionally met He Lifeng.

US corporations have needed to tread rigorously in China as tariffs have mounted and tensions worsened throughout US President Donald Trump’s second time period.

PVH, the proprietor of Calvin Klein and Tommy Hilfiger, was added to a particular entity listing within the mainland earlier this yr — the primary such addition for a corporation with main operations on the bottom — whereas Walmart was summoned by authorities over experiences that it was pressuring suppliers to chop costs.

US monetary corporations have struggled within the mainland, regardless of a commerce settlement in 2020 that enables them to completely personal their companies relatively than function by joint ventures. 

Really helpful

In addition to a securities enterprise in China, JPMorgan in 2020 turned the primary international firm to personal its personal futures enterprise on the mainland and in 2023 took full possession of its asset administration three way partnership.

At a closed-door speech on the similar convention in Shanghai final yr, Dimon stated components of his financial institution’s enterprise had “fallen off a cliff” in China. New listings have fallen dramatically below a brand new regulatory strategy, whereas cross-border mergers and acquisitions have additionally dried up.

One one who attended the convention this yr stated Dimon’s tone on China was “bullish”, with references to the nation’s tech developments.

JPMorgan declined to remark.

You Might Also Like

Copper tariffs are the mistaken reply to the best query

Buyers shrug off Donald Trump’s 200% tariff menace on pharma

Dwell information: Copper market reels as Trump threatens 50% tariff

Most UK firms would stand up to sharply increased tariffs, Financial institution of England says

UK housebuilders comply with pay £100mn after competitors probe

TAGGED:ChinadeepenDimonEngagementJamieJPMorgans
Share This Article
Facebook Twitter Email Copy Link Print
After Iran’s battle with Israel, questions return about Khamenei’s potential successors
World

After Iran’s battle with Israel, questions return about Khamenei’s potential successors

Demonstrators wave Iranian flags as one holds up a poster of Iran's Supreme Chief Ayatollah Ali Khamenei throughout a protest in opposition to Israeli assaults on Iran, after the Friday…

By Tycoon Herald 7 Min Read
Copper tariffs are the mistaken reply to the best query
July 9, 2025
NFL’s Demarcus Robinson Will get Probation In DUI Case
July 9, 2025
Christian Horner: Former Pink Bull group principal says sacking got here as a ‘shock’ in tearful farewell speech
July 9, 2025
Why Your Garments Ought to Really feel a Little Bizarre at First | FashionBeans
July 9, 2025

You Might Also Like

Why EU capitals are irate at German automobile swap scheme to swerve US tariffs
Economy

Why EU capitals are irate at German automobile swap scheme to swerve US tariffs

By Tycoon Herald 8 Min Read
FirstFT: EU to face greater US tariffs than UK
Economy

FirstFT: EU to face greater US tariffs than UK

By Tycoon Herald 6 Min Read
China producer value deflation deepens as commerce conflict bites
Economy

China producer value deflation deepens as commerce conflict bites

By Tycoon Herald 1 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Sports

Structure Hill: Michael Buckley hits again at doubters as former Champion Hurdle star heads to Kempton

Structure Hill’s proprietor Michael Buckley has hit again at doubters of his former Champion Hurdle winner,…

By Tycoon Herald
Business

Protests throughout Indonesia as parliament delays change to election regulation By Reuters

By Kate Lamb and Ananda Teresia JAKARTA (Reuters) -Indonesia's parliament postponed ratifying adjustments to an elections…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?