On June 18, digital payment platform PayPal announced the appointment of Zhang Hong as the CEO of PayPal China Region, while also serving as the Chairman and General Manager of PayPal's licensed entity in China, PayPal Payment (Beijing) Co., Ltd. Zhang Hong will be fully responsible for PayPal's strategic planning, business innovation, and daily operations in China, driving its long-term development in the Chinese market. This personnel appointment has been approved by the People's Bank of China.
