北交所今起全面使用920证券代码号段

Core Viewpoint - The Beijing Stock Exchange (BSE) is transitioning all existing stock codes to the new "920 code segment" starting from October 9, 2025, to enhance the identification of listed companies and improve market recognition [1][2]. Group 1: Code Transition Details - The transition to the "920 code segment" aims to eliminate confusion caused by the previous codes used during the New Third Board listing, which included various prefixes like 400, 430, and 830 [1]. - The China Securities Regulatory Commission (CSRC) issued guidelines on September 1, 2023, emphasizing the need for a distinct code segment to improve stock identification [1]. - The transition will occur in phases, starting with new listings using the "920 code" from April 22, 2024, followed by existing companies' codes being switched by October 9, 2025 [2]. Group 2: Broker Responses and Investor Guidance - Multiple brokerage firms have begun educating investors about the code switch, assuring that trading systems will automatically update to reflect the new codes without requiring manual intervention from investors [3]. - Investors will need to use the new codes for trading; entering old codes will result in errors, as systems will not process transactions under the previous codes [3]. - Brokerage platforms, including those from Guotou Securities and Everbright Securities, have confirmed that their systems will automatically handle the transition, ensuring continuity in trading and record-keeping for investors [3].