Wells Fargo Halts China Travel After Banker’s Exit Blocked (3)

Wells Fargo & Co. suspended travel to China after one of its top trade financing bankers was blocked from leaving the country, the latest case of authorities imposing exit bans on staff of foreign firms.

Chenyue Mao, an Atlanta-based managing director who was born in Shanghai, was banned from departing China after entering the country in recent weeks, according to a person with knowledge of the situation. That led the San Francisco-based bank to restrict its other employees from visiting China, said the person, who asked not to be identified discussing information that isn’t public.

“We’re closely tracking this situation ...