[Text/Observer Network by Shao Yun]

On May 22nd, at the invitation of the China Council for the Promotion of International Trade (CCPIT), Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., visited Beijing. The Financial Times noticed on May 23rd that Dimon, during this visit, promised Chinese officials to "continue deepening investment in China's capital market." The Financial Times commented that Dimon's remarks could be seen as a further sign of easing tensions between China and the United States.

According to Xinhua News Agency, Politburo member and Vice Premier of the State Council He Lifeng met with Dimon at Diaoyutai State Guesthouse on the evening of May 22nd. The report said that Dimon "positively evaluated the results of the US-China economic and trade talks, expressing willingness to continue deepening investment in China's capital market and better serving multinational companies operating in China and Chinese companies expanding overseas."

Additionally, according to the WeChat Official Account "China CCPIT," on May 22nd, Ren Hongbin, President of the CCPIT, also met with Dimon and his delegation in Beijing. It was mentioned that both sides exchanged views on promoting exchanges between business communities of China and the US, deepening cooperation in financial investment fields, and other topics. CCTV's "Yu Yuan Tan Tian" cited informed sources on May 23rd, revealing that during Dimon's visit to Beijing, he clearly stated that the U.S. does not want to decouple.

"Dimon's comments can be seen as further signs of easing tensions between China and the US," wrote the Financial Times on May 23rd in its report. Previously, high-level economic and trade talks were held in Geneva, Switzerland, resulting in a joint statement. The Ministry of Commerce introduced that the talks achieved substantive progress, with both sides significantly reducing tariffs and agreeing to establish an economic and trade consultation mechanism to maintain close communication on each other's concerns in the economic and trade field and conduct further consultations.

Before arriving in Beijing, Dimon attended the annual JPMorgan China Summit in Shanghai and delivered a speech. The Financial Times reported that one attendee this year said that Dimon expressed optimism about China and mentioned the situation of China's technological development during his speech.

May 22, 2025, Shanghai, JPMorgan Chase CEO Jamie Dimon accepting Bloomberg TV interview during the 21st Global China Summit of JPMorgan Chase Visual China

According to a report by Bloomberg on May 22nd, during the summit, Dimon told Bloomberg in an interview that JPMorgan is a "long-term investor" in China. "Yes, there are various issues causing concern, but we must face the real world rather than the ideal world; we will continue to grow."

The report noted that Dimon frankly admitted that American companies face increasing pressure when dealing with China and other countries due to rising tariffs and so-called national security issues. However, he pointed out that China's rapid development in technological innovation and its continuous attraction of global attention are reasons why JPMorgan will not abandon the Chinese market.

"The general consensus is that companies will continue to operate here," Dimon said. "Trade negotiations may bring some adjustments, but I believe the US government does not want to leave China." He also mentioned that JPMorgan faces pressure from governments in various regions over different issues, and what the company can do is "respond as rationally as possible while serving customers well."

Bloomberg introduced that Dimon made the aforementioned remarks at a time when the US Department of Defense recently listed Chinese companies such as CATL on a so-called "Military-Industrial Complex" list, and the US House of Representatives' Select Committee on China also urged JPMorgan and Bank of America to withdraw from CATL's Hong Kong IPO underwriting. However, these two American banks ultimately decided to proceed with the transaction. CATL's listing in Hong Kong became the largest IPO globally so far this year.

Chen Yanni, Co-Chief Executive Officer of JPMorgan China, also told Bloomberg that JPMorgan has witnessed the recovery of various industries in China, with foreign investors showing growing interest in diversified investments. She said, "The developments over the past 12 months have been truly encouraging, with an increase in foreign direct investment, and broad recovery in liquidity and trading volumes in the Chinese market."

After the high-level economic and trade talks in Geneva, international institutions including JPMorgan Chase密集上调 their expectations for China's economic growth rate in 2025. According to a report on JPMorgan's website on May 20th, Hui Jianbin, Chief Economist of JPMorgan China and Head of Greater China Economic Research, said that JPMorgan has revised its forecast for China's full-year GDP growth rate in 2025 from 4.6% to 4.8%.

This article is an exclusive contribution by Observer Network and cannot be reprinted without permission.

Original source: https://www.toutiao.com/article/7507579788559680034/

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