Core Viewpoint - The Beijing Stock Exchange (BSE) will fully implement the "920" new code for existing listed companies starting from October 9, 2025, enhancing the identification and recognition of companies listed on the exchange [1][8]. Group 1: Implementation Details - The transition to the "920" code is part of a phased approach, with preparations having been underway since November 17, 2023, and the first phase involving new listings starting from April 22, 2024 [5][6]. - The BSE has conducted multiple network tests to ensure readiness for the code switch, which is now confirmed for October 9, 2025 [7]. Group 2: Benefits of the New Code - The introduction of the "920" code aims to eliminate confusion caused by the previous codes from the New Third Board, thereby improving the recognition of BSE-listed companies and differentiating them from New Third Board entities [8][9]. - The unified "920" code is expected to strengthen the BSE's identity as a platform for innovative small and medium-sized enterprises, potentially attracting more quality companies to the exchange [1][9]. Group 3: Market Impact - The transition to the "920" code is seen as a significant step in establishing the BSE's market position, facilitating a shift from niche to mainstream trading, and enhancing brand recognition [9]. - The continuity of the identity of listed companies and investor rights will be maintained during the transition, ensuring a smooth operational process for market participants [9].

【环球网财经综合报道】北京证券交易所（以下简称"北交所"）近日宣布，经过近两年的周密筹备，存量上市公司证券代码 切换至"920"新代码号段的各项工作已全面就绪。自2025年10月9日起，北交所所有存量股票将正式启用新证券代码，这标志 着北交所将全面进入"920新代码"时代，市场建设迈出关键一步。 此次代码切换工作历经两年，分阶段有序推进。早在2023年9月1日，证监会发布的《关于高质量建设北京证券交易所的意 见》中便明确提出"启用北交所独立代码号段，提高股票辨识度"。同年11月17日，北交所正式启动相关准备工作，确立 了"分阶段切换、分步骤实施"的总体思路，即"先切换增量，再切换存量"。 市场分析人士认为，北交所设立之初，为平稳起步，上市公司股票延续了在新三板挂牌时的证券代码（如400、430、830等 开头），这在一定程度上造成了投资者对北交所上市公司与新三板挂牌企业属性的混淆。此次全面切换至"920"独立代码号 段，不仅消除了此类模糊感，更是北交所作为我国第三家证券交易所市场地位的重要体现。它有助于投资者清晰认知北交所 上市企业的独特属性，标志着北交所市场建设趋于完善，有望吸引更多投资者参与，与沪深市场形 ...

Group 1 - The Beijing Stock Exchange (BSE) has expanded its listed companies to 85 with the official listing of Weimao Electronics, and the majority of A-shares showed positive performance on the same day [1] - Since its opening, the BSE has seen an average daily trading volume of 1.9 billion yuan, which is nearly four times higher than the previous selection layer, indicating increased trading activity across various layers [1] - The number of qualified investors has reached nearly 4.9 million, nearly double that of the selection layer, with various institutional investors actively participating [1] Group 2 - The BSE has three companies awaiting issuance and 347 companies expressing interest in listing, indicating a growing pipeline of potential listings [2] - The average first-day increase for newly listed companies on the BSE has exceeded 100%, with some companies experiencing significant gains, reflecting strong market interest [2] - The strategic placement of shares has seen increased participation from a diverse range of institutions, including insurance funds, indicating a broadening of investor base [2] Group 3 - The successful transfer of Guandian Defense from the BSE to the Sci-Tech Innovation Board highlights the BSE's role in facilitating the upward mobility of quality small and medium-sized enterprises [3] - As of the report date, 10 out of 85 listed companies on the BSE have released their 2021 earnings forecasts, with most showing positive growth, suggesting a healthy earnings outlook for the listed companies [3] - Market sentiment may experience pressure around the first quarter earnings reports, but the outlook remains optimistic with ongoing policy support and the entry of quality enterprises [3] Group 4 - The BSE and the National Equities Exchange and Quotations have jointly released a self-regulatory report aimed at improving the quality of listed companies and establishing a diversified delisting indicator system [4] - Future plans include the development of a BSE index and the promotion of mixed trading, which will enhance trading tools and strategies while reducing participation costs [4]