Chinese Authorities Block Wells Fargo Banker from Leaving China
A Wells Fargo executive, Chenyue Mao, has been barred from leaving China as part of a criminal investigation. The incident has raised concerns among Western executives about the risks of visiting China.
An Atlanta-based banker working for Wells Fargo has been prevented from leaving China, as Chinese authorities placed an exit ban on Wells Fargo executive Chenyue Mao as part of a criminal investigation. It's unclear what the case is about or how Mao is involved. Mao, who leads Wells Fargo's international factoring business, has been with the company since 2012. Wells Fargo is working to bring her back to the United States soon. The incident has led Wells Fargo to suspend all travel to China. Another Chinese American man working for the Commerce Department has also been blocked from leaving China. The incidents highlight the risks of visiting China, causing concern among Western executives.
According to the source: CNN.
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