US EditionWells Fargo suspends China travel after employee exit ban, source says
CHINA, JUL 17 – Wells Fargo halted all China travel after a senior executive was barred from leaving, highlighting rising exit bans affecting about 4% of foreign business travelers, experts say.
- Wells Fargo has suspended all travel to China after a U.S. citizen banker was blocked from leaving the country.
- Beijing has increasingly used exit bans on both Chinese and foreign nationals, often in connection with civil disputes, regulatory investigations or criminal probes.
- The ban could worsen concerns among multinational companies about the risks of doing business in China, particularly around employee safety and freedom of movement.
39 Articles
39 Articles
China’s Moves Against 2 Executives Stoke Anxiety in Foreign Businesses
China wants foreign businesses to invest more in the country, but recent actions taken against foreign executives are sending a chill. Chinese authorities have blocked a U.S.-based Wells Fargo banker from returning home, and separately sentenced a Japanese executive to more than three years’ imprisonment for espionage. Though few details of the cases have been made known, they are a reminder of China’s expansive security apparatus and what to so…
China Blocks US-Based Wells Fargo Executive from Leaving the Country
A Wells Fargo executive who was born in Shanghai and works in Atlanta has been detained in China for reasons unknown. Chenyue Mao, a managing director at Wells Fargo, has […] The post China Blocks US-Based Wells Fargo Executive from Leaving the Country appeared first on The Western Journal.
Hong Kong Free Press
The New Indian ExpressUS bank Wells Fargo employee blocked from leaving China: reports
US bank Wells Fargo told AFP Friday it was working to help one of its employees return to the United States, after reports they had been barred from leaving China. A Wells Fargo bank. Photo: Mike Mozart, via Flickr. Multiple media outlets reported earlier Friday that the employee involved was Chenyue Mao, an Atlanta-based managing director who was born in Shanghai. Mao had entered the country in recent weeks but is now unable to leave, they said…
Wells Fargo Banker Exit Ban Raises Alarms Over Doing Business in China
A Wells Fargo bank employee in China is now barred from leaving the country. Is doing business there becoming too risky for foreign executives? The Department of Agriculture is sacking 70 foreign contract researchers—a move aimed at protecting the U.S. food supply from threats linked to China, Russia, North Korea, and Iran. Concerns are growing over the Chinese regime’s role in U.S. military computer systems, with a top U.S. lawmaker sounding th…
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