北交所10月9日起全面使用“920”新代码

Core Viewpoint - The Beijing Stock Exchange (BSE) will fully implement the "920" new code for existing listed companies starting from October 9, 2025, enhancing the identification and recognition of companies listed on the exchange [1][8]. Group 1: Implementation Details - The transition to the "920" code is part of a phased approach, with preparations having been underway since November 17, 2023, and the first phase involving new listings starting from April 22, 2024 [5][6]. - The BSE has conducted multiple network tests to ensure readiness for the code switch, which is now confirmed for October 9, 2025 [7]. Group 2: Benefits of the New Code - The introduction of the "920" code aims to eliminate confusion caused by the previous codes from the New Third Board, thereby improving the recognition of BSE-listed companies and differentiating them from New Third Board entities [8][9]. - The unified "920" code is expected to strengthen the BSE's identity as a platform for innovative small and medium-sized enterprises, potentially attracting more quality companies to the exchange [1][9]. Group 3: Market Impact - The transition to the "920" code is seen as a significant step in establishing the BSE's market position, facilitating a shift from niche to mainstream trading, and enhancing brand recognition [9]. - The continuity of the identity of listed companies and investor rights will be maintained during the transition, ensuring a smooth operational process for market participants [9].