(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he regrets a quip that his bank is likely to outlast China’s Communist Party. 

 “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.”

Dimon made the remarks while speaking Tuesday at a panel discussion at the Boston College Chief Executives Club. He reiterated his company’s commitment to the country in wide-ranging comments. 

“We hope to be there for a long time,” Dimon said of China on Tuesday. 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.”

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