JPMorgan's Dimon Aiming for China Venture With Full Control
- Firm recently agreed to exit China investment-bank venture
- Jamie Dimon speaks to Bloomberg Television in Beijing
Dimon Says China Houses 35% of Fortune 3000 in 20 Years
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, who in December agreed to exit a minority-owned Chinese investment-banking joint venture, said the U.S. bank is seeking to find a new structure that would eventually give it full control.
“My longer-term dream is that we have, we own, 100 percent of something,” Dimon, 61, said Monday in an interview with Bloomberg Television’s Stephen Engle in Beijing. The CEO said he’ll be patient in negotiations with Chinese regulators. The process “is complicated, so we respect that and we tell them what we’d like and hope it’ll happen.”