Yes, it is true that Chu Guangbin publicized the latest news before taking office. On August 1 day, 200211,the China Securities Regulatory Commission issued a pre-public announcement on Chu Guangbin's appointment as the chairman of the CSRC in official website. The publicity period is 5 working days. According to public information, Chu Guangbin is currently the party secretary and director of the State Administration of Foreign Exchange. If he successfully passes the publicity and appointment procedures, he will succeed Xiao Gang as the chairman of the CSRC. This personnel arrangement is of great significance to China's financial market and investors, which has aroused widespread concern.