Excerpt:
"He relayed a “joke” he made during a recent visit to Hong Kong:

“The Communist Party is celebrating its 100th year. So is JPMorgan. And I’ll make you a bet we last longer.”

Dimon made the remarks while speaking Tuesday at a panel discussion at the Boston College Chief Executives Club (and admittedly he did reiterate his company’s commitment to the country in wide-ranging comments).

When asked for comment at a regular press briefing on Wednesday, Chinese Foreign Ministry Spokesman Zhao Lijian said:

“Is it really necessary to cite such remarks that are merely to attract people’s attention?”

Apparently that did not go down well in Beijing as this morning Dimon has issued a quick statement, apologizing for his comments:

“I regret and should not have made that comment,” Dimon said in a statement from the bank Wednesday.

“I was trying to emphasize the strength and longevity of our company.”"