Core Viewpoint - The Beijing Stock Exchange (BSE) will implement a new securities code "920" for existing listed companies starting from October 9, 2025, enhancing the identification and recognition of companies listed on the exchange [1][5]. Group 1: Code Transition Process - The transition to the new code will be conducted in phases, with a focus on ensuring a smooth process for both existing and new listings [2][3]. - The China Securities Regulatory Commission (CSRC) emphasized the need for an independent code segment to improve stock identification [2]. - The BSE has conducted multiple tests to ensure readiness for the code switch, which is set to officially take place on October 9, 2025 [4]. Group 2: Benefits of the New Code - The introduction of the "920" code will eliminate confusion caused by the previous codes used in the New Third Board, thereby improving the recognition of BSE-listed companies [5]. - The unified code is expected to enhance the BSE's market position as a third exchange, differentiating it from the New Third Board and attracting more investors [5][6]. - The transition to the "920" code is seen as a significant step in the BSE's market development, promoting the exchange as a primary platform for innovative small and medium-sized enterprises [6].
北交所10月9日起 将全面进入“920新代码”时代
Zhong Guo Zheng Quan Bao·2025-09-14 20:14