China Confirms Exit Ban on Wells Fargo Banker, Blocks U.S. Official's Departure

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China Confirms Exit Ban on Wells Fargo Banker, Blocks U.S.
The flag of the People's Republic of China flies behind barbed wire at the Consulate General of the People's Republic of China in San Francisco, California on July 23, 2020. PHILIP PACHECO/AFP via Getty Images/Getty Images

China has confirmed it's keeping two American citizens from leaving the country—one a Wells Fargo banker and the other an employee of the US Department of Commerce—adding more strain to US-China relations.

The Chinese Foreign Ministry stated on Monday that Mao Chenyue, a US-based Managing Director at Wells Fargo, is being investigated in a criminal case and cannot leave China.

"Ms. Mao is involved in a criminal case currently being handled by law enforcement. She must cooperate and, for now, cannot exit the country," said spokesperson Guo Jiaku during a press briefing.

Mao, who was born in Shanghai and now lives in Georgia, had recently returned to China after being elected chair of a global trade group, Reuters said.

She has worked at Wells Fargo for more than 10 years and leads the bank's international factoring business. Her LinkedIn profile notes she is fluent in English and Chinese.

A Wells Fargo spokesperson shared that the company is keeping a close eye on the situation and is doing everything it can to help bring Mao home quickly.

According to sources, the bank has suspended all staff travel to China until the matter is resolved.

China Blocks US Official from Leaving, Sparks Diplomatic Concern

In another case, the US State Department confirmed that a Department of Commerce worker is also being blocked from leaving China.

According to CBS News, the official, whose name has not been released, had traveled to China for personal reasons in April.

While in Chengdu, Chinese authorities reportedly took his passport and electronic devices. Although they were later returned, the individual has not been allowed to leave the country since.

The State Department said it is "closely engaged" with Chinese officials to resolve the matter. "We are prioritizing the safety and security of American citizens abroad," said a spokesperson.

The incidents come during a fragile moment in US-China relations. Trade talks are ongoing, with a looming August 12 deadline to reach a new deal.

President Trump has already placed steep tariffs on Chinese goods, and China has responded with similar measures.

The US government continues to warn citizens about the risks of traveling to China. Its travel advisory notes that Americans, including those of Chinese descent, may face arbitrary law enforcement, including exit bans that often come without warning or due process.

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China, Wells Fargo

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