News Analysis Investment giants of Wall Street, although with some uncertainty over China’s complex and unstable policies, are lining up to enter the Chinese market with full control over their companies. The move comes as Chinese leader Xi Jinping uproots the status quo for local financial markets in an attempt to squeeze out a rival political faction and sever their ties with Wall Street. Jamie Dimon, the chief executive officer of JPMorgan Chase and Co., told the media on Nov. 24 that his Wall Street bank wants to stay in China, despite making a joke that it would exist longer than the Chinese Communist Party (CCP). He took back his “joke” the following day, according to Reuters. In August, JPMorgan Chase received Beijing’s approval to become the first wholly-owned investment bank in China—a first since the control economy was opened to the outside world under former Chinese leader Deng Xiaoping. Xi’s …