就在明日！北交所，重大变革！

Core Viewpoint - The Beijing Stock Exchange (BSE) will switch to a new securities code (920) for all existing stocks starting from October 9, 2025, enhancing its independent market identity and improving stock recognition [1][2][4]. Group 1: Code Switching Details - The BSE will implement the new 920 code for 248 existing stocks, with a corresponding code mapping available on its official website [2][3]. - The transition to the new code has been in preparation for two years, following the China Securities Regulatory Commission's (CSRC) directive to enhance stock identification [2][3]. - The new code will not affect trading rules, and the trading methods, price limits, and trading hours will remain unchanged [1][4]. Group 2: Investor Impact - The continuity of the stock's identity and investor rights will remain intact post-code switch, with historical trading information displayed under the new code [4][5]. - Investors will see their holdings transition from the old code to the new code without any changes to their ownership duration or related information [4][5]. - Brokerage firms are required to support trading with both old and new codes, ensuring that clients can access complete trading records since the stock's listing [5][6]. Group 3: Brokerage Firm Preparedness - Multiple brokerage firms have announced readiness for the code switch, advising clients to upgrade their trading terminals to the latest version [5][6]. - Brokerages will ensure that the transition is seamless, with automatic updates to trading apps and systems to reflect the new codes [6].