JPMorgan CEO Dimon seeks to ‘deepen engagement’ with China- Xinhua

Investing.com-- JPMorgan Chase&Co (NYSE:JPM) CEO Jamie Dimon met China’s top trade negotiator, He Lifeng, in Beijing on Thursday, and touted deepening ties with China, a report from the Xinhua News Agency said on Friday. 

Dimon said JPMorgan will continue to “deepen its engagement with China’s capital market,” and also seek to better serve multinational companies operating in the country, the Xinhua report said, citing comments made at the meeting with He. 

News of Dimon’s visit comes just days after China and the U.S. agreed to a temporary deescalation in their bitter trade war, with both sides slashing trade tariffs levied on each other. 

He also made positive comments on U.S.-China trade relations, stating that talks between the two had seen “substantiative progress,” the Xinhua report said.

The report points to some improving relations between Beijing and Washington, even after China criticized the U.S.’ chipmaking and technology controls against the country.

China warned earlier this week the U.S.’ recent restrictions on Huawei chips threatened to undermine their trade agreement. 

Still, a tariff deescalation between the two presents some progress, with investors now looking to a more permanent trade deal.