Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source said, bringing the U.S. bank’s operations in the world’s second-largest economy into focus.
FINANCE
China moves to encourage foreign reinvestment as FDI slumps
China has unveiled new measures to encourage overseas investors to reinvest their profits within the country, its latest efforts to reverse a decline in foreign direct investment.
US bank Wells Fargo employee blocked from leaving China: reports
BEIJING: US bank Wells Fargo told AFP Friday it was working to help one of its employees return to the United States, after reports they had been barred from leaving China. Multiple media outlets …
Wells Fargo exit ban revives fears about doing business in China
Fears that employees of foreign firms risk entanglement with Chinese authorities have resurfaced after news that an employee of U.S. bank Wells Fargo has been banned from leaving the country.
Wells Fargo suspends China travel after banker hit with exit ban
Wells Fargo has suspended all employee travel to China after one of its senior bankers was barred from leaving the country, a source familiar with the matter told Reuters on Thursd …
China shores up status as top shipbuilder with Shanghai port expansion
With US restrictions helping South Korea take a larger share of ship orders, China is developing hi-tech facilities in its financial centre.
China bars top US banker from leaving the country
China’s use of exit bans has been a point of contention between Beijing and Washington. The US State Department has repeatedly advised citizens to reconsider travel to China based on what it called …
PBOC governor, Bank of America senior executive discuss economy, financial markets
China’s central bank governor Pan Gongsheng met Bank of America’s president of international business Bernard Mensah earlier this week to discuss economic and financial matters, the People’s Bank of …
Wells Fargo Bans Travel To China After Employee Is Allegedly Prevented From Leaving
A leading multinational corporation suspended all travel to China on Thursday following allegations that one of its employees was detained against their will while attempting to leave the country.
Japan Official Urges China to Expand Foreign Investment Quota
A Japanese government official called on China to expand a program allowing certain mainland investors to put more money abroad, citing “strong enthusiasm” for Japanese stocks.
Upgraded financial supply chain allow both China and Pakistan to play a greater role
The Chief Representative pointed out that the key link is to provide very complete localized financial services and reduce conflicts between traders, which is crucial for both large leading …
Wells Fargo suspends China travel after employee exit ban: source
NEW YORK] Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source familiar with the matter told Reuters on Thursday (Jul 16), causing broader …
Jim Cramer Says Nvidia Getting Trump Approval For H20 Sales To China Is ‘So Huge, Could Turn The Nasdaq Futures Around’
Jim Cramer believes that Nvidia Corp. (NASDAQ:NVDA) is poised to get a significant boost with the U.S. government assuring licenses for the sale of its H20 chips or general processing units to China, …
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