Wells Fargo Suspends Travel to China After Communist Regime Blocks Top Banker from Leaving

Breitbart ^ | 07/18/2025 | John Hayward

[DFG]

Wells Fargo suspended travel for all of its employees to China on Thursday after the Chinese government slapped an exit ban on banker Chenyue Mao.

Mao is an American citizen who was born in Shanghai. She is a managing director for Wells Fargo, working from an office in Atlanta. According to the bank, her duties include helping international companies manage their working capital in different countries.

Mao specializes in “factoring,” the practice of selling accounts receivable to third parties. The seller gets cash immediately, while the buyer or “factor” proceeds to collect on the invoices they purchased at a discount. Companies that do business overseas often find factoring preferable to running debt collections operations in foreign countries.

In June, Mao was elected as chairwoman of FCI, a global industry organization for international accounts receivable. FCI was called Factors Chain International when it was established in 1968, and factoring remains one of its primary interests, but it has diversified into other aspects of finance and debt collection across national borders.

When it announced Mao’s election as chair of its executive committee, FCI noted she had over 21 years of experience with factoring and has worked at Wells Fargo for over a decade. During that time, she was credited with growing “annual import-factoring flows to 2.6 billion euros (over $3 billion in U.S. dollars) while fostering innovation in open-account solutions.”

-snip-

Mao recently took a business trip to China, which appeared to pass without difficulty until she tried to leave, at which point she reportedly discovered Chinese officials had placed an exit ban on her. Her professional history and agenda with FCI might provide some clues, but so far the Chinese government has made no official statement about why she was forbidden to leave the country.

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TOPICS: Business/Economy
KEYWORDS: china; wellsfargo

[PGR88]

Mao is an American citizen who was born in Shanghai. She is a managing director for Wells Fargo, working from an office in Atlanta.

In China, her Han Chinese heritage and race trump any foreign passport. If anything, she's even more suspect, because she's lives in an in-between space between China, the CCP and the outside world, particularly the CCP's top threat, the USA.

[Brian Griffin]

There might be an income tax issue.

[Captainpaintball]

Are they keeping her there to protect her from her eventual arrest for stealing information and other kinds of sabotage?

[escapefromboston]

Chairwoman Mao

[dznutz]

Probably whistled back to Chy-nah for retraining in the latest espionage tactics and it is taking longer than expected.

[9YearLurker]

Yep. She is seen as a CCP asset. The question is to what degree was she?

[Bobbyvotes]

99.5% of Chinese are China assets. It’s either pride or ego.

[9YearLurker]

They also have overseas police to enforce it, if needed.

[mikey_hates_everything]

Did she get a visa for her US passport and use it? Or did she take the cheap shortcut by using her still valid Chinese passport to get in? If it’s the latter, she’s screwed. I’ve seen it happen and have had to advise others to burn their Chinese passport once they get US citizenship so they arent tempted by the easy way. Interesting the US Embassy hasn’t said anything about this, and they couldn’t if she entered on a Chinese passport.

[If You Want It Fixed - Fix It]

Thanks Pope Francis. x2

[Libloather]

Will this wreck her credit score?

[No name given]

Or both.