Dimon said JPMorgan would “welcome and follow absolutely anything the US government says — that’s all of you — and what you want us to do.”
Asked what she would do if it was up to her, Fraser said it was “very likely that we would have a significantly reduced presence, if any, in the country.”
“We really hope that doesn’t happen,” she added.
Tensions have risen recently between the United States and China over Taiwan, a self-governing democratic island that the communist leadership in Beijing has long claimed as part of its territory, although it has never ruled over it.
JPMorgan was launched there in 1921, with a footprint that now includes cities such as Beijing, Shanghai, Guangzhou and Shenzhen.
Luetkemeyer also called on leaders to condemn alleged human rights abuses by China’s decision Communist Party.
“Doom is a very strong word,” Fraser said. “We are certainly very distressed to see this happening, and we do not want human rights abuses to occur anywhere in the world.”
Later, another lawmaker, Representative Lance Gooden of Texas, asked the CEOs if they “support a free and democratic Taiwan.”
Moynihan said “yes”, while Fraser was not asked to answer that question specifically.
“I support freedom and democracy everywhere. I’m not going to comment specifically on Taiwan – it’s up to the US government to make that kind of statement,” Dimon said.