Wells Fargo Banker Detained in China During Business Trip

A Wells Fargo banker, Chenyue Mao, has been blocked from leaving China after arriving for a work trip, prompting the bank to suspend all travel to China. Mao, who recently took on a new role as chairwoman of FCI, is facing an exit ban that is part of a broader pattern of travel restrictions used in China for various reasons, often without clear explanations. The situation highlights the increasing use of exit bans as leverage or intimidation tactics by Chinese authorities.