Jamie Dimon Visits Taipei With China Tensions Boiling: JPMorgan CEO Is Third American Exec To Visit In Recent Weeks

JPMorgan Chase & Co JPM CEO Jamie Dimon, arrived in Taipei Friday on an unofficial trip to meet with the bank's employees and clients at a time of heightened tensions between China and Taiwan. 

The trip, which hasn’t been made public, is Dimon’s first to the democratically governed island country in nearly a decade, according to Reuters. Prior to arriving in Taipei, Dimon visited China and plans to make a stop in South Korea after wrapping up meetings in Taiwan.

While China, which doesn’t recognize Taiwan as an independent country, opposes U.S. government officials visiting Taiwan, Xi-Jinping's communist government is more tolerant of business officials conducting work in Taipei as long as they steer clear of meetings with Taiwanese officials and refrain from making political statements.

"The Chinese are much more concerned about U.S. government contacts with Taiwan than they are with private firms and banks doing business," Andrew Collier, managing director at Orient Capital Research in Hong Kong, told the publication.

What’s More: JPMorgan employs over 500 individuals in Taiwan, where it has conducted business since the 1970s, providing a range of banking services and managing public pension assets. A source with knowledge of the trip, who spoke anonymously, said Dimon had no plans to meet Taiwan officials and the country’s Financial Supervisory Commission said it had no plans to meet with the executive, according to the outlet.

Dimon is the third high-level business executive to visit Taiwan over recent weeks. Nvidia Corporation’s chief executive officer, Jensen Huang, attended a trade show in Taipei earlier this week and Intel Corporation’s CEO Pat Gelsinger visited the country last month.

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Benzinga file photo by Dustin Blitchok.