Shen Peng serves as the Honorary Chairman of the Hong Kong Shandong Youth Association at Waterdrop Company (WDH.US).

According to Zhitong Finance APP, at the fifth meeting of the third board of directors of the Hong Kong Shandong Youth Association held on August 5th, Shen Peng, Chairman of Water Drop Group (Hong Kong) Limited, was appointed as the honorary president of the Hong Kong Shandong Youth Association. Zhu Xinsheng, a member of the 14th National Committee of the Chinese People's Political Consultative Conference and President of the Hong Kong Shandong Association, presented the letter of appointment to Shen Peng.