SHANGHAI: Jamie Dimon’s (pic) eyebrow-raising joke about JPMorgan Chase & Co outlasting China’s Communist Party has so far been met by public silence from officials in Beijing.
But with nearly US$20bil (RM84.2bil) of exposure in the world’s second-largest economy – and big ambitions to expand even further – the US bank has a lot riding on maintaining cordial relations with a government that’s sensitive about anything that might be construed as questioning its legitimacy.
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