Di Yi Cai Jing·2025-08-01 08:47Group 1 - Zhang Yong has been appointed as the latest member of the Hong Kong Stock Exchange's China Business Advisory Committee [1][4] - The committee was established in 2021 and consists of industry experts with deep knowledge of the Chinese market, serving as advisors to the board of the Hong Kong Stock Exchange [4][6] - With Zhang Yong's appointment, the committee's membership will increase to nine, with Zhang Yichen serving as the chairman [4][6] Group 2 - Hong Kong Stock Exchange Chairman, Tang Jiacheng, expressed pleasure at Zhang Yong's appointment, highlighting his extensive experience and understanding of Chinese enterprises and financial markets [1][3] - Zhang Yong previously served as the CEO of Alibaba Group and played a significant role in the company's growth, including the creation of the Double Eleven shopping festival [6] - In 2023, Zhang Yong initiated a major organizational transformation at Alibaba and subsequently left all management positions within the company [6]