JPMorgan’s Dimon Says China Has Made ‘Huge Progress’ on Reforms
JPMorgan's Dimon Says He's Patient on Chinese Reforms
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JPMorgan Chase & Co.’s Chief Executive Officer Jamie Dimon said China has made “huge progress” on market reforms and he would like to increase his firm’s businesses in the nation.
The New York-based JPMorgan is hoping to get a corporate bond license in China and would consider another joint venture in Asia’s biggest economy, Dimon said in an interview with Bloomberg Television’s Stephen Engle in Beijing. As China’s leaders remain on track with financial and trade reforms, Dimon said he sees full yuan convertibility in the next five to 10 years.