Full Breakdown
US Treasury Secretary to Meet Chinese Vice Premier at JPMorgan Headquarters
By Drooid · · How we work
Core Event: Scheduled Dialogue on AI Security and Trade
U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng on Sunday at the headquarters of JPMorgan Chase in New York. The meeting is planned for 10:30 a.m. ET (1430 GMT) and will focus on artificial-intelligence security, trade and other economic issues, according to a person familiar with the planning. JPMorgan is not a participant in the talks but has agreed to provide its building as a venue while Manhattan prepares heightened security for the upcoming United Nations General Assembly.
Background & Context: Diplomatic and Economic Landscape
The Sunday session comes days before President Donald Trump is scheduled to host Chinese President Xi Jinping at the White House on Thursday and Friday. In addition, JPMorgan CEO Jamie Dimon has been invited by U.S. officials to attend a state dinner for President Xi next week, although he did not travel with the executive delegation that accompanied President Trump to Beijing in May. Dimon was previously asked by Secretary Bessent to join a G20 finance-leaders meeting in Asheville, North Carolina, where he spoke about private-sector growth prospects.
Official Statements & Responses
U.S. officials have indicated that the Sunday meeting is intended to deepen cooperation on emerging technology risks and to manage trade frictions in a constructive setting. They note that Secretary Bessent’s invitation to Dimon for the G20 gathering reflects an effort to integrate private-sector insights into government-level discussions. No formal comment has been released by JPMorgan regarding its role as a venue host.
Why It Matters
Holding a high-level U.S.–China dialogue at a major financial institution underscores the intertwining of public policy and private-sector expertise, especially on AI security—a rapidly evolving concern for both economies. The timing, amid a forthcoming White House summit and heightened UN-related security, signals an intensified focus on managing bilateral economic relations while addressing shared technological risks.