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Sun Jul 20, 2025, 09:34 PM Sunday

China imposes exit bans on Wells Fargo banker, U.S. government worker

The Chinese government is preventing a Chinese American banker for Wells Fargo and, separately, an employee of the U.S. Patent and Trademark Office from leaving the country, reports said Sunday.

The identity of the detained U.S. government employee was not known to the Washington Post, which first reported the news. Mao Chenyue, the managing director of Wells Fargo Credit Solutions, was confirmed as the bank employee facing the exit ban by the company in statements to The New York Times and the Wall Street Journal.

People familiar with the Patent and Trademark Office employee's case told the Washington Post that he traveled to China to visit family but allegedly failed to disclose on his visa application that he worked for the government.

Wells Fargo has since reportedly suspended travel by its executives to China, noting in its statement to The New York Times that the company is tracking the situation and working "through the appropriate channels" to ensure their employee is returned.

https://www.yahoo.com/news/china-imposes-exit-bans-wells-205324152.html
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