China Says Unaware of Reported Exit Ban on Wells Fargo Banker

China’s Foreign Ministry said it is "not familiar with the matter" when asked about reports that a Wells Fargo employee has been barred from leaving the country. The ministry added that "China upholds the rule of law for everyone, both Chinese and foreign," and reiterated that it "welcomes companies from the US and other countries to invest in the Chinese market." The ministry also pledged to provide a "market-friendly environment" for foreign companies operating in China. It did not confirm details of the reported exit ban or identify the banker involved. Exit bans have been used in past legal or regulatory disputes, underscoring wider concerns among multinational firms about operating risks on the mainland.