Core Viewpoint - The Beijing Stock Exchange (BSE) is set to officially implement a new securities code system for all 248 existing listed companies starting October 9, 2023, transitioning from the previous New Third Board codes to a unified code beginning with "9" [1][2]. Group 1 - The code switch is described as one of the most significant adjustments to the market's foundational system since the BSE's inception, aimed at enhancing the identification system and distinguishing the BSE's independent market attributes [1][2]. - The adjustment is seen as a crucial step in the BSE's reform efforts to better serve innovative small and medium-sized enterprises (SMEs), with over 240 listed companies in sectors such as high-end equipment, new energy, and biomedicine since its opening in 2021 [2][3]. - The introduction of independent codes is expected to improve the BSE's brand recognition, attracting more medium- to long-term capital into the market and supporting the growth of specialized and innovative enterprises [3]. Group 2 - To ensure a smooth transition, the BSE has conducted multiple rounds of market-wide testing in collaboration with China Securities Depository and Clearing Corporation and various securities firms, along with establishing contingency plans [2][3]. - Several brokerage firms have indicated that investors need not worry about operational risks, as trading software will automatically update the codes, and any short-term market fluctuations are expected to be limited [3]. - The BSE's General Manager announced plans to use the code switch as an opportunity to continuously improve trading mechanisms, enrich index products, and promote the normalization of the transfer board system, thereby fostering a market ecosystem focused on early-stage and technology investments [3].
北交所启动存量股票代码切换 独立市场定位进一步强化
Huan Qiu Wang·2025-09-14 02:52