Di Yi Cai Jing Zi Xun·2025-08-01 09:09Core Insights - Zhang Yong, former CEO of Alibaba Group, has been appointed as a new member of the Hong Kong Stock Exchange's (HKEX) China Business Advisory Committee, enhancing the committee's expertise in Chinese markets [2][4] - The committee, established in 2021, now has nine members, including industry veterans who provide advisory support to the HKEX board [4][5] - Zhang Yong's extensive experience in the Chinese market and financial sector is expected to contribute valuable insights to help HKEX achieve its strategic goals [2][4] Committee Composition - The committee is chaired by Zhang Jianchen, CEO of CITIC Capital Holdings, and includes notable members such as former HKEX Chairman Laura Cha and TPG China Partner Sun Qiang [4][5] - Other members include Huang Yiping, Dean of the National School of Development at Peking University, and Ma Weihua, former President and CEO of China Merchants Bank [5] Zhang Yong's Background - Zhang Yong served as Alibaba's CEO from 2015 and became Chairman in 2019, leading significant initiatives like the Double Eleven shopping festival and the company's transition to mobile [5] - In 2023, he initiated Alibaba's largest organizational restructuring in 24 years and announced plans to establish a technology fund with a $1 billion investment from Alibaba [5] - Zhang Yong joined Chen Yi Investment in March 2024 as a managing partner, marking a new chapter in his career at the age of 53 [5]