Dimon Says JPMorgan Was Right to Do CATL Deal Despite Opposition

JPMorgan Chase & Co. underwrote Contemporary Amperex Technology Co. Ltd.’s Hong Kong listing despite opposition from US lawmakers, given that Washington hasn’t placed sanctions on the Chinese battery maker, Chief Executive Officer Jamie Dimon said.

“If we thought it was wrong, we wouldn’t do it,” Dimon said in an interview with Bloomberg Television on Thursday at JPMorgan’s Global China Summit in Shanghai.

CATL, as the electric-vehicle battery maker is known, debuted its Hong Kong shares this week in the world’s biggest listing of the year, raising $5.2 billion.

“The government did not sanction CATL,” Dimon said. “There are ...