Back in May, on his first visit to China since the start of the COVID pandemic, JPMorgan CEO Jamie Dimon was ebullient.
The bank boss was excited to relaunch the company’s investor conferences in Shanghai, saying it helped make the world “better off.” The bank’s economists were optimistic about China’s post-COVID GDP growth. And Beijing regulators had previously given the green light for the Wall Street Bank to take full control of its China mutual fund, alongside JPMorgan’s wholly-foreign-owned securities and futures companies.
