920代码启用，全速启航！新代码启用释放哪些信号？| 观察解读↓

Core Points - The Beijing Stock Exchange (BSE) has undergone a significant transformation with the complete replacement of stock codes, introducing a new series starting with "920" for all listed companies, enhancing their identification and recognition [1][3][5] - This change marks a milestone for the BSE, aligning it with other major boards like the Sci-Tech Innovation Board and the Growth Enterprise Market, which have distinct identifiers for their stocks [3][5] - Since its establishment in September 2021, the BSE has seen its total market capitalization approach 900 billion yuan, indicating substantial growth and development within a short period [5][7] Summary by Categories Stock Code Change - A total of 277 stocks on the BSE have transitioned to new stock codes beginning with "920," replacing the old codes that were reminiscent of the New Third Board era [1][3] - The new codes will improve the user experience for investors, making it easier to identify BSE-listed companies at a glance, similar to how investors recognize stocks on other boards [3][5] Market Position and Growth - As of August 28, 2025, approximately 54.38% of companies listed on the BSE are classified as "specialized and innovative small giant" enterprises, highlighting the exchange's focus on supporting innovative small and medium-sized enterprises [7] - The introduction of the "920" code serves as a strong market signal, indicating that the BSE is confidently moving forward as a nurturing ground for innovative and specialized businesses [7]