Dimon said JP Morgan “doesn’t matter what the U.S. government says, it’s all about you and we will absolutely respect and obey what you want us to do.”
Asked what she would do if the decision was left to her, Fraser said, “It’s very likely that even if we had a domestic presence, it would be significantly reduced.”
“I really hope that doesn’t happen,” she added.
Recently, tensions over Taiwan have increased between the United States and China. Taiwan has long claimed to be part of its territory, but has never ruled by the Communist Party leadership in Beijing.
Founded in 1921, JP Morgan now has offices in cities such as Beijing, Shanghai, Guangzhou and Shenzhen.
Luetkemeyer also called on officials to condemn alleged human rights abuses by China’s ruling. Communist Party.
“Condemnation is a very strong word,” said Fraser. “We are certainly very distressed to see it happening and we do not want human rights violations to occur anywhere in the world.
He was then asked by Rep. Lance Gooden of Texas if he supported a free and democratic Taiwan.
Moynihan replied “yes”, but Fraser was not asked to answer the question specifically.
“I stand for freedom and democracy everywhere. I am not going to comment specifically on Taiwan. It is up to the U.S. government to make such a statement,” Dimon said.