On August 22, PayPal hosted a delegation of U.S. Congressional staffers at its offices in Shanghai, China. The delegation was organized and hosted by the U.S.-Asia Institute with the goal of bringing together congressional staffers with business and government representatives of Beijing, Shanghai and Chongqing to discuss U.S.-China relations. The group specifically focused on conversations around financial services and trade. Megan Hannigan, Manager of PayPal GR, hosted the group, with the help of Jason Wang and Sarah Li.
To kick-off the meeting at PayPal’s offices, Liuliu Lu, Sr. Dr. of Merchant Services at PayPal, gave the group an overview of PayPal’s merchant product offerings supporting businesses of all sizes. Richard Hong, PayPal’s Director of Customer Support, then presented details on the Shanghai office itself as well as communicating the strong customer champion culture across PayPal.
The conversation then turned to a robust discussion of the policy and regulatory framework in China. The group discussed a range of subjects including regulatory differences between the U.S. and China, data security and requirements, AML/BSA and regulatory bodies that oversee the financial services sector.
For lunch, PayPal China’s CFO, John Jin, joined the group to continue the conversation, followed by a short tour of the Shanghai office.
The visit was an excellent opportunity to continue building relationships with U.S. Congressional offices and demonstrating the global influence of PayPal as well as our support of consumers and merchants around the world.