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Exit Ban

All articles tagged with #exit ban

world6 months ago

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.

business2 years ago

Nomura Senior Investment Banker Banned from Leaving China, Sources Say

Chinese authorities have reportedly banned Charles Wang Zhonghe, a senior investment banker at Nomura Holdings, from leaving the mainland. The ban is believed to be connected to China's investigation into tech dealmaker Bao Fan and his former colleague Cong Lin. Wang, who oversees Nomura's investment banking operations in China, is assisting authorities with their investigation of Cong. This move raises concerns among Western businesses about operating conditions in China and the country's slowing economic growth.