China Confirms Exit Ban on Wells Fargo Banker
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China's foreign ministry said on Monday that Chenyue Mao, the Wells Fargo banker who has been blocked from leaving the country, was involved in a criminal case and was obliged to cooperate with the investigation.
China said the case of a Wells Fargo & Co. banker blocked from leaving the country was related to a criminal matter, escalating an episode that already underscored global firms’ fears about operating in the nation.
From a US national being barred from leaving China to Beijing slamming EU banking sanctions, here’s a round-up from today’s coverage.
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