JPMorgan May Exit China If US Orders, CEO Jamie Dimon Says

Despite geopolitical tensions, Dimon expresses doubt over a Chinese invasion of Taiwan and defends JPMorgan's work with TikTok owner ByteDance.

Jamie Dimon, CEO of JPMorgan, stated that the bank would exit China if the US government ordered it to, particularly in the event of a Chinese invasion of Taiwan.
Dimon expressed doubt over whether China would invade Taiwan and called for greater diplomatic engagement between the US and China to prevent it.
JPMorgan has been active in China for a century and has expanded its presence there in recent years, with business relationships with key Chinese companies like Shein and Bytedance.
Dimon defended JPMorgan's work with TikTok owner ByteDance, stating that the bank does its due diligence and would not work with clients doing 'truly bad' things.
Despite the geopolitical tensions, Dimon stated he's not 'afraid' of China, pointing to the country's lack of allies and 'terrible demographics' as reasons why the US was in a better position.