On August 17, 2020, PayPal announced the appointment of Qiu Han as senior vice president and CEO of China. Qiu Han will be fully responsible for the formulation of PayPal’s long-term development strategy in China, as well as the implementation of all-round promotion plan, and report directly to Ou Baohe, executive vice president and chief strategy, development and data officer of PayPal. According to Qiu Han’s working experience, she has management experience in multinational organizations and Chinese companies. After working in multinational organizations such as general electric, Temasek, McKinsey and Standard Chartered Bank, Qiu Han moved to Ping An group of China, where he was the co general manager and chief Innovation Officer of one account, a financial technology company. < / P > < p > the appointment is a big career change for Qiu Han, and the same is true for PayPal. Before Qiu Han, PayPal China had no CEO position. < / P > < p > this change also means PayPal has higher expectations for China business. In October last year, the people’s Bank of China approved the equity change of guofubao, and paypal became the actual controller, thus becoming the first foreign-funded institution to obtain a third-party payment license. < / P > < p > PayPal is a global market leader in electronic payment. During the outbreak, PayPal’s share price hit an all-time high, with a market value of $224.6bn as of yesterday’s US stock close.