Rebirth of England.

Chapter 885: Complaints
“Together, we discovered that free markets can only thrive if they are built on principles that guarantee competition and fair play.

……

We, the people, still believe that our obligations as Americans are not just to ourselves, but to all posterity.

We will respond to the threat of climate change, recognizing that failing to act would be a betrayal to our children and future generations.

Some may still deny the overwhelming judgment of the scientific community, but no one can avoid the catastrophic impact of fires, severe early disasters, and more powerful storms.

The road to renewable energy use is long and sometimes difficult.

But America cannot resist this trend; we must lead it.

We cannot cede the technology that will create new jobs and new industries to other countries; we must demonstrate that commitment.

......"

The time came to 2013. On January 1, Obama was sworn in as the President of the United States on Capitol Hill, starting his second term.

Barron also came to Washington, DC from Lanai at this time. He and Ivanta were invited to attend O'Neal's inauguration ceremony.

It has to be said that O'Kane's speech was indeed very inspiring, but when Barron thought about some of the subsequent American policies, he couldn't help feeling a little ironic.

"Your Highness, my friend, I am very glad that you are here today..."

After finishing his speech, Ao Guanhai hugged Barron warmly and said.

"Congratulations, sir. Today is a historic moment and the best footnote to your fruitful work over the past four years."

In such occasions, Ao Guanhai was still very busy. After all, he had to take care of every guest. Even though Barron was one of his most important guests, he only chatted with him for a few more words at most. However, they still agreed to meet again in private before leaving.

"Many members of Parliament on Capitol Hill are very dissatisfied with Cameron's previous trip to China, Your Highness."

At this time, the person who came to Barron was Jimmy Dimon, chairman and CEO of JPMorgan Chase.

Jimmy Dimon has a rich and interesting background in the American financial industry. In fact, he first joined American Express and served as an assistant to Sandy Weill, the president of American Express. After Sandy Weill stepped down, he left American Express with him and took over the Baltimore Commercial Credit Company together.

Through a series of mergers and acquisitions, the two developed the company into Travelers Group. In 1998, after the $700 billion transaction between Travelers Group and Citigroup, the huge new Citigroup empire was born, with Sandy Weill and former Citigroup CEO John Reed jointly leading the new Citigroup.

However, shortly after the two companies merged, Jimmy Dimon fell out with Sandy Weill, who was both his mentor and father, and left Citi, ending their 17-year partnership.

In 2001, after lying dormant for several years, Jimmy Dimon chose to go to Chicago and took over American First Bank. In just a few years, he turned the bank into a "Western Citigroup". Then in 2004, JPMorgan Chase acquired American First Bank for $580 billion. After the merger, its size was second only to Citigroup.

It is said that one of the important reasons why William Harrison, the then CEO of JP Morgan, acquired Bank One was to choose Jamie Dimon as his successor.

It can be said that Jimmy Dimon's many experiences and his success in running JPMorgan Chase have made him a big figure in the American financial industry. He has been the head of JPMorgan Chase for more than 20 years. Since he became the chairman and CEO of JPMorgan Chase in 2004, until Baron's rebirth, Jimmy Dimon still led JPMorgan Chase, the giant of the American banking industry.

"I can imagine such an outcome, but so what? Whether it is America or Britain, they cannot ignore cooperation with China economically, so there is no need to create conflicts in the process - politics is politics, and economics is economics. If politicians who don't understand this point and just keep creating topics don't need to waste their time."

Baron still has a good relationship with Jimmy Dimon. Not only does Standard Chartered Merrill Lynch have many collaborations with JPMorgan Chase, but the British Times Wealth Fund (BTF) controlled by Baron itself holds 8.5% of JPMorgan Chase's shares and is one of their major shareholders.

Of course, even so, their interests cannot be completely consistent, but at least for now, the relationship between the two sides is still very harmonious.

He smiled and said to Jimmy Dimon:
"Huaxia's development cannot be ignored. No one would want to miss out on participating in it, and I believe JPMorgan Chase is no exception."

"I agree with you. JPMorgan Chase currently has a strong wholesale banking business in Huaxia and is also looking for opportunities to enter retail banking through mergers and acquisitions..."

He shook his head and said:

"I know that Standard Chartered Bank has a lot of cooperation with some Huaxia banks and has invested in some of them. However, in my opinion, Huaxia's regulations on foreign investment only allow foreign investment to obtain 20% of the equity, which is not very attractive to us. I will proceed at my own pace. I have time and patience."

Baron did not give much response to Jimmy Dimon's statement - he understood that JPMorgan Chase had great ambitions, which was also the result of the United States' financial policy pressure on other countries.

However, China has always maintained a cautious attitude towards foreign investment in its financial industry. After all, there are too many precedents. Opening up too early will naturally make China a piece of fat meat that attracts vultures.

Barron understood that the main reason why those American congressmen had complaints about Cameron's visit to China was that at the moment when the US "Asia-Pacific Rebalancing" strategy was launched, Britain's intimate behavior of "looking eastward" was too conspicuous.

But so what? Britain itself needs to consider its own interests more, and as he said, politics is politics, but only a fool would refuse the benefits of economic cooperation.

Isn't it the same that America says no with its mouth, but its body is very honest. It has been doing a lot of economic cooperation with China, and it still complains that the other side is not opening up its industry fast enough...

Don’t be fooled by the fact that some voices in America are now accusing Barron of investing too much in China and suspecting him of technology transfer, but in fact, most of them are jealous and jealous - they just hate themselves for not seeing the opportunity in advance and investing...

After all, from the current perspective, Barron's investment in China has been very successful and has yielded rich returns.

I believe that if these people were given the opportunity to choose, they would not hesitate to learn from Barron’s approach…

As for capitalists, as long as the profit is high enough, they will not refuse to sell the rope to hang themselves.

(End of this chapter)