Core Points - The Beijing Stock Exchange (BSE) has officially transitioned to a new independent code segment for its 242 existing listed companies, marking the start of a new era in stock identification [1] - The implementation of the new 920 code segment is part of the efforts to enhance stock recognition as outlined in the China Securities Regulatory Commission's guidelines for high-quality development of the BSE [1] Summary by Sections Code Transition Timeline - The new 920 code segment will be rolled out in phases, starting with new listings on April 22, 2024, followed by a pilot program for 6 existing companies in May 2024, and a complete transition for all 242 existing companies by October 9, 2025 [1] - Currently, the total number of listed companies on the BSE is 277, including 29 new companies [1] Investor Impact - As of October 9, 2023, investors will use the new codes for trading and market inquiries related to existing stocks [1] - Companies are advised to prepare for the transition to minimize risks and ensure smooth operations during the code switch [1] Market Stability Assurance - The BSE has committed to ensuring business continuity and market stability throughout the code transition process [1]

Core Viewpoint - The Beijing Stock Exchange (BSE) has initiated the use of a new securities code (920) for existing stocks starting from October 9, marking a transition to an independent code system aimed at enhancing its market positioning for innovative small and medium-sized enterprises [1][3]. Group 1: Code Transition Details - The new code system will apply to 248 existing stocks, facilitating a clearer distinction between BSE and the previous New Third Board codes [3]. - The transition to the 920 code is intended to eliminate confusion caused by the previous code system, which included multiple prefixes (43, 83, 87) that could mislead investors regarding the nature of the stocks [3][4]. - The BSE's move to a unified code system is expected to improve the recognition of listed companies and enhance the overall identity of the exchange [3][4]. Group 2: Historical Context and Implementation - The transition process has been in preparation for over two years, with the China Securities Regulatory Commission (CSRC) advocating for the establishment of an independent code system to improve stock identification [4]. - The BSE began preparations for the new code system in November 2023, with the first stock under the new code (920002) expected to be listed by May 30, 2024 [4][5]. - The code switching for existing stocks will occur in phases, starting with a pilot program involving six selected stocks to ensure a smooth transition [5]. Group 3: Market Impact and Investor Engagement - The introduction of the unified code is anticipated to simplify information retrieval for investors, potentially attracting more capital into the BSE and differentiating it from the Shanghai and Shenzhen markets [6]. - This strategic move is seen as a step towards enhancing the BSE's image as an independent market, reinforcing its role as a platform for innovative enterprises [6].

Core Viewpoint - The Beijing Stock Exchange (BSE) will switch to a new securities code system for existing stocks starting October 9, marking a transition to an independent code era aimed at enhancing its market positioning for innovative small and medium enterprises [1][4]. Group 1: Code Transition Details - The new securities code will be unified under the 920 code segment, which will help eliminate confusion caused by the previous codes used from the New Third Board [4][6]. - A total of 248 stocks will complete the transition to the new code, which can be checked on the BSE's official website [4]. - The transition process has been in preparation for over two years, with the China Securities Regulatory Commission (CSRC) previously advocating for the establishment of an independent code segment to improve stock identification [4][5]. Group 2: Implementation and Future Plans - The BSE plans to launch the 920 code functionality for new listings on April 22, 2024, while ensuring a smooth transition for existing companies [5][6]. - The first stock to adopt the new 920 code will be Wanda Bearing, listed on May 30, 2024, under the code "920002" [6]. - The transition for existing stocks will occur in batches, starting with a pilot program involving six selected stocks to ensure operational continuity and market stability [6][7]. Group 3: Market Impact - The unified code system is expected to facilitate easier information searches for investors, potentially attracting more investment and differentiating the BSE from other markets [7].

Group 1 - The Beijing Stock Exchange (BSE) will implement a new securities code system for existing listed companies starting from October 9, 2025, transitioning all stocks to the "920 new code" [1][2] - The introduction of the "920 new code" signifies BSE's independent market status as the third stock exchange in China, detaching from the previous codes used in the New Third Board [1] - The China Securities Regulatory Commission (CSRC) previously emphasized the need for an independent code segment to enhance stock identification for BSE [1] Group 2 - The "920 new code" functionality will be operational from April 22, 2024, allowing newly listed companies to select their securities codes through a lottery or direct selection [2] - A total of 248 existing listed companies will have their codes reserved as part of the transition process [2] - Wanda Bearings became the first company to be listed under the "920 new code" on May 30, 2024 [2]

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 brand recognition [1][3]. Group 1: Code Switching Announcement - The BSE announced the readiness for the code switching of existing listed companies, which will take effect on October 9, 2025 [3]. - The transition to the 920 code signifies a new identity for the BSE, detaching from the previous codes used in the New Third Board [1][3]. - The China Securities Regulatory Commission (CSRC) emphasized the need for an independent code segment to improve stock identification [3][4]. Group 2: Implementation Timeline - The process of changing codes has been in preparation for nearly two years, with the 920 code functionality launched for new listings on April 22, 2024 [2][4]. - The BSE will reserve securities codes for existing companies, ensuring a smooth transition and avoiding code duplication [4]. Group 3: Impact on Investors - The continuity of the identity of listed companies and investor rights will remain unaffected by the code switch [5][6]. - Trading information will continue to be displayed under the new code, and the previous closing prices will be carried over to the first trading day under the new code [6]. - Brokerage firms are required to support trading under both old and new codes and ensure that investors can access complete trading records [6].

Core Viewpoint - The Beijing Stock Exchange (BSE) will switch to a new securities code (920) for all existing stocks starting October 9, 2025, enhancing its market identity and independence from the New Third Board [1][3][4]. Group 1: Code Transition Announcement - The BSE announced the readiness for the transition of existing stock codes, which will take effect on October 9, 2025, requiring all trading and business operations to utilize the new codes [3][4]. - The transition to the 920 code signifies the BSE's unique market identity and aims to improve the overall image and brand recognition of the exchange [1][3]. Group 2: Implementation Timeline - The transition process has been in preparation for nearly two years, with the initial proposal for independent code segments made by the China Securities Regulatory Commission (CSRC) in September 2023 [2][3]. - The 920 code was first introduced for new listings on April 22, 2024, with a structured approach to ensure continuity for existing companies during the transition [4]. Group 3: Impact on Investors - The switch to the new code will not affect the continuity of the company's identity, investor rights, or related business operations [6]. - Investors will see their holdings transition to the new code while retaining all other relevant information, with trading platforms required to support transactions under the new code from the effective date [6][7].

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 market identity and independence from the New Third Board [1][3][4]. Group 1: Code Switching Announcement - The BSE announced that the code switching for existing listed companies is ready, and the new securities code will be used for trading, market inquiries, and business handling [3]. - The transition to the 920 code signifies a new identity for the BSE, improving its overall image and brand recognition [1][4]. Group 2: Implementation Timeline - The process of changing codes has been in preparation for nearly two years, with the 920 code functionality launched for new listings on April 22, 2024 [2][4]. - The BSE will ensure a smooth transition by reserving securities codes for existing companies, maintaining continuity in trading and business operations [4]. Group 3: Impact on Investors - The switch to the new code will not affect the continuity of the company's identity, investor rights, or related business operations [6]. - Investors' holdings will automatically transition to the new code, with all relevant information remaining unchanged except for the securities code [6][7]. - Brokerage firms are required to support trading with both old and new codes and ensure that clients can access complete trading records [7].

Core Viewpoint - The Beijing Stock Exchange (BSE) is transitioning to a new stock code system to enhance stock identification, with a new code segment starting with 920 being implemented as per the China Securities Regulatory Commission's directive [3][4]. Group 1: Code Change Rules - The stock codes will change such that the first three digits will uniformly become 920, while the last three digits will remain unchanged [4]. - In cases where the new stock codes result in duplicates, the fourth digit will be adjusted sequentially based on the listing time to ensure each company's code is unique [4]. Group 2: Code Change Process - The BSE has published a comparison table of old and new stock codes for existing listed companies, which can be accessed on the BSE official website [5]. - As of May 2025, the BSE will initiate the new stock code for a pilot group of 6 stocks, while the remaining 242 stocks will continue using their existing codes until a stable transition is confirmed [6].