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Ray Dalio, a billionaire investor, has become the latest high-profile Wall Street figure to become involved in controversy over comments about China.
Mr Dalio took to social media at the weekend to say that his comments in the TV interview had been misinterpreted.
He compared China to a strict parent when he was asked about the disappearance of dissidents.
JP Morgan boss Jamie Dimon apologized last month after saying his firm would beat China's Communist Party.
The founder of the largest hedge fund in the world said in a thread that he had answered a question about China.
He said in the posts that he did not mean to downplay the importance of human rights issues but was trying to explain the Chinese approach to governing as an extension of Confucian ideas about family.
I assure you that I didn't mean to say that human rights aren't important. My goal is to help understand.
Republican senator Romney accused him of feigning "ignorance of China's horrific abuses and rationalization of complicit investments there" and that it was a sad moral lapse.
I want to clarify what I meant when I answered a question about China from Andrew Ross Sorkin that created a misunderstanding of my views. 1/6
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December 5, 2021.
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JP Morgan's chief executive said he regretted saying that his bank would be around longer than the Chinese Communist Party.
Experts warned that the comment could hurt the bank's ambitions in the world's second largest economy, after it was made at a US event.
At Boston College, where he was taking part in a series of interviews with chief executives, Mr Dimon made his original remarks.
The Communist Party is celebrating its 100th year, and so is JPMorgan, he said.
He told the event that he would make a bet that we would last longer. I can't say that in China. He said they are probably listening.
Hu Xijin, editor-in-chief of the state-backed Global Times newspaper, said on the micro-blogging site: " Think long-term!" I bet the Chinese Communist Party will beat the USA.
The Chinese foreign ministry spokesman asked why the publicity stunt with some remarks.
In August, JP Morgan was given the go-ahead to become a full foreign owner of a securities broker in China.
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