Finance
Dimon Confronts New China Reality in First Visit Since Covid
- JPMorgan chief makes first return to China event since 2019
- Wall Street banks are starting to pare back China ambitions
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When Jamie Dimon takes center stage at JPMorgan Chase & Co.’s China summit Wednesday, he’ll be confronting a business landscape that looks vastly different from his visit four years ago.
Back in 2019, the last time the flagship event was held in person, the US bank and its Wall Street peers were gearing up to cash in on China’s long-awaited opening of its $60 trillion financial sector.