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 status and improving stock identification [1][2][5]. Group 1: Code Switching Details - The BSE will implement the new 920 code for 248 existing stocks, with a complete transition plan already in place [2][3]. - The transition to the new code has been in preparation for two years, following the China Securities Regulatory Commission's directive to enhance stock identification [2][3]. - The new code will not affect trading rules, and investors can still access complete trading records using both old and new codes [1][5]. Group 2: Impact on Investors - 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 [5][6]. - Investors will need to upgrade their trading platforms to support the new code, and brokers will ensure that both old and new codes can be used for trading and record queries [5][6]. - The first trading day after the switch will reflect the previous closing price under the old code, ensuring a seamless transition for investors [5]. Group 3: Broker Responses - Multiple brokerage firms have issued notices to investors regarding the code switch, advising them to use the new code for transactions and queries starting October 9, 2025 [6]. - Brokers have completed the necessary updates to their trading terminals and are encouraging clients to upgrade their applications for optimal functionality [6].