Wells Fargo Suspends China Travel Over Exit Ban

Wells Fargo has suspended all employee travel to China after Chenyue Mao, an Atlanta-based managing director and U.S. citizen born in Shanghai, was subjected to an exit ban by Chinese authorities following her recent entry into the country. The incident has intensified concerns about the risks faced by multinational companies in China, particularly regarding employee safety and freedom of movement. U.S. officials note that China has a history of imposing exit bans on foreign nationals, often without transparent judicial processes. Wells Fargo is working through appropriate channels to secure Mao's return to the United States. The bank has declined to provide further comments, citing privacy considerations. The situation may further discourage corporate travel and complicate already tense U.S.-China relations.