JPMorgan CEO Jamie Dimon issues two grovelling apologies for joking about China's Communist Party

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Speaking at Boston College, Dimon quipped: 'I was just in Hong Kong and I made a joke that the Communist Party is celebrating its hundredth year. So is JP Morgan. I'd make a bet we last longer.'
JPMorgan CEO Jamie Dimon has issued two groveling apologies a day after saying his firm would outlast China's Communist regime.

Speaking at Boston College on Tuesday, Dimon quipped: 'I was just in Hong Kong and I made a joke that the Communist Party is celebrating its hundredth year. So is JP Morgan. I'd make a bet we last longer.'

'I can't say that in China. They probably are listening anyway,' the 65-year-old banker added.

But in a sign that even the King of Wall Street is wary of Beijing, he has since apologized – twice.

First Dimon said: 'I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company.'

Hours later, he added: 'I truly regret my recent comment because it's never right to joke about or denigrate any group of people, whether it's a country, its leadership, or any part of a society and culture.

'Speaking in that way can take away from constructive and thoughtful dialogue in society, which is needed now more than ever.'

Speech: JP Morgan boss Jamie Dimon (pictured in Paris in June) has apologised twice for the remarks he made about China at the Boston College Chief Executives Club

Speaking at Boston College on Tuesday (pictured), Dimon quipped: 'I was just in Hong Kong and I made a joke that the Communist Party is celebrating its hundredth year. So is JP Morgan. I'd make a bet we last longer'

Dimon's joke appeared to go down well, with laughter heard in the audience

Dimon's comments had risked jeopardizing JPMorgan's growth ambitions in China where it won regulatory approval in August to become the first full foreign owner of a securities brokerage in the country. China experts in the United States said his quick apology should ensure no serious damage was done. (pictured: Chinese President Xi Jinping in Beijing)

China's foreign ministry today said it noted JPMorgan Chase Chief Executive Jamie Dimon's expression of regret for a remark he made about the country's ruling Communist Party…
Mark Shapland, Ross Ibbetson, By Mark Shapland For The Daily Mail Ross Ibbetson For Mailonline
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