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Report: Dimon eyes expanding JPMorgan's China biz

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Report: Dimon eyes expanding JPMorgan's China biz

JPMorgan Chase & Co. CEO Jamie Dimon is eyeing another joint venture with China as the country continues to make huge financial and trade reforms, Bloomberg News reported June 5.

In an interview with Bloomberg Television, Dimon said the Chinese yuan might be fully convertible in the next five to 10 years and that he is planning to acquire a corporate bond license in the country.