北交所迎来“920”时代

Core Viewpoint - The Beijing Stock Exchange (BSE) is set to officially launch a pilot program for switching stock codes for existing listed companies on May 6, 2025, enhancing stock identification and market differentiation [1][2][5] Group 1: Code Switching Announcement - The BSE announced that the pilot program for switching stock codes is ready and will commence on May 6, 2025, with a testing phase from May 1 to May 5, 2025 [1][2] - The new stock codes will be used for trading, market inquiries, and business operations related to the pilot stocks, while 242 other existing stocks will retain their current codes until a later date [1][2] Group 2: Selected Pilot Stocks - The pilot program will initially include six stocks: YingTai Biology, AiRong Software, LongZhu Technology, JiaXian Co., TongXiang Technology, and QiuGuan Cable, selected based on their approval sequence from the China Securities Regulatory Commission [2] - These companies are among the first batch of selected tier companies, and further selection criteria will be monitored [2] Group 3: Enhancing Stock Identification - The introduction of the 920 code segment aims to improve stock identification and recognition within the market, aligning with the BSE's strategic goals [3][4] - The code switch is part of a broader initiative to differentiate the BSE from the New Third Board, helping investors better understand the attributes of listed companies [4][5] Group 4: Market Impact and Investor Engagement - The code switch is expected to facilitate a clearer distinction between BSE-listed companies and those on the New Third Board, enhancing investor engagement and market participation [4] - The BSE emphasizes that the code switch will not affect overall market operations, ensuring continuity in investor rights and trading activities [3]