Damon said JPMorgan “will fully salute and comply with whatever the US government says – which is all of you – and what you want us to do.”
Asked what she would do if that decision was left to her, Fraser said “it is very likely that our presence will be materially reduced, if any in the country.”
“We very much hope that will not happen,” he added.
Tensions have been rising between the United States and China recently over Taiwan, an autonomous democratic island that the Communist leadership in Beijing has long claimed as part of its territory, though it has never ruled. was
JPMorgan started there in 1921 with a footprint that now includes cities such as Beijing, Shanghai, Guangzhou and Shenzhen.
Luetkemeyer asked executives to condemn alleged human rights abuses by China’s rulers. The Communist Party.
“Condemned is a very strong word,” Fraser said. “We’re certainly very upset to see this, and we don’t want human rights violations to happen anywhere in the world.”
Later, the CEOs were asked by another Texas lawmaker, Rep. Lance Godin, if they “supported an independent and democratic Taiwan.”
Moynihan said “yes” while Fraser was not called to specifically answer the question.
“I support freedom and democracy everywhere. I’m not going to comment on Taiwan specifically — it’s up to the United States government to make that kind of statement,” Damon said.