明起全部切换！北交所将迎重大变革

Core Points - Starting from October 9, 2025, the Beijing Stock Exchange (BSE) will implement new securities codes for existing stocks, transitioning all to a new independent code segment beginning with "920," affecting a total of 248 stocks [1] - Previously, BSE-listed companies often retained their securities codes from their time on the New Third Board, which posed issues with recognition compared to codes used by companies listed on the Shanghai and Shenzhen exchanges [1] - In 2023, the China Securities Regulatory Commission (CSRC) proposed the use of independent code segments, and the BSE began using "920" codes for newly listed companies starting in April 2024 [1] Summary by Category Code Transition - The adjustment for existing stocks has been clearly outlined in the notice issued by the BSE in September 2024 regarding the switch of stock codes [1] - Multiple brokerage firms have issued announcements advising investors to use the new codes for trading orders and market inquiries related to existing stocks [1] Investor Impact - Investors can still query the complete trading history of stocks since their listing, including the period when they were listed on the selected layer, using both the old and new codes, ensuring continuity in holding periods and investor rights [1] - The switch from old to new codes does not involve any changes to trading rules, including trading methods, price fluctuation limits, and trading hours [1]