Recently, GigaDevice, a frontrunner in China's storage chip design sector, revealed that its newly appointed board secretary, Xie Feiwang, brings a wealth of experience from his tenure at securities firms. Interestingly, the outgoing board secretary, Dong Lingyan, also boasts a background in the research department of China International Capital Corporation (CICC). This appointment underscores yet another instance of securities firm professionals making the leap to board secretary roles at listed companies this year. Amid a downturn in the investment banking sector and tighter regulatory scrutiny, talents from the investment banking and research divisions of securities firms are increasingly gravitating towards listed companies, with board secretary positions emerging as a coveted career move.