券商中国·2025-08-01 15:53Core Viewpoint - The appointment of Zhang Yong, former chairman of Alibaba Group, to the Hong Kong Stock Exchange's (HKEX) China Business Advisory Committee is aimed at leveraging his extensive experience in the Chinese market to enhance HKEX's strategic objectives and strengthen its role in connecting China with the world [1][3]. Group 1: Appointment Details - Zhang Yong has been appointed as a new member of the HKEX's China Business Advisory Committee, which was established in 2021 to provide insights on the Chinese financial market and economic development [1][3]. - With Zhang's addition, the committee's membership will increase to nine, with Zhang Yicheng, CEO of CITIC Capital Holdings, serving as the chairman [3][5]. - Other notable members of the committee include former HKEX chairman Laura Cha and various industry leaders with deep knowledge of the Chinese market [3][5]. Group 2: Zhang Yong's Background - Zhang Yong is currently a managing partner at Chen Yi Fund and was previously well-known as the CEO and chairman of Alibaba Group from 2015 to 2023 [3][5]. - His significant contributions at Alibaba include the creation of the "Double Eleven" shopping festival and leading the company through a digital transformation [5][6]. - After leaving Alibaba, Zhang has maintained a low profile, appearing publicly only twice in 2024 and 2025, focusing on opportunities in technology development and economic transformation [4][5].