Core Viewpoint - The Beijing Stock Exchange (BSE) will switch all existing stock codes to the new 920 code starting from October 9, enhancing stock identification and market recognition for listed companies [1][2][3] Group 1: Code Transition Details - The transition to the 920 code has been in preparation for two years, with the China Securities Regulatory Commission (CSRC) issuing guidelines to improve stock identification [2] - The BSE plans a phased approach for the code switch, first for new listings and then for existing stocks, ensuring a smooth transition [2] - The new code will not change trading rules, including trading methods, price limits, and trading hours [1] Group 2: Benefits of the New Code - The unified 920 code will eliminate confusion caused by multiple previous code prefixes, enhancing the recognition of BSE-listed companies [1] - The new code aligns with BSE's focus on specialized and innovative small and medium enterprises, attracting quality companies to the exchange [1]

Core Viewpoint - The Beijing Stock Exchange (BSE) will implement a new securities code "920" for existing listed companies starting from October 9, 2025, enhancing the identification and recognition of companies listed on the exchange [1][5]. Group 1: Code Transition Process - The transition to the new code will be conducted in phases, with a focus on ensuring a smooth process for both existing and new listings [2][3]. - The China Securities Regulatory Commission (CSRC) emphasized the need for an independent code segment to improve stock identification [2]. - The BSE has conducted multiple tests to ensure readiness for the code switch, which is set to officially take place on October 9, 2025 [4]. Group 2: Benefits of the New Code - The introduction of the "920" code will eliminate confusion caused by the previous codes used in the New Third Board, thereby improving the recognition of BSE-listed companies [5]. - The unified code is expected to enhance the BSE's market position as a third exchange, differentiating it from the New Third Board and attracting more investors [5][6]. - The transition to the "920" code is seen as a significant step in the BSE's market development, promoting the exchange as a primary platform for innovative small and medium-sized enterprises [6].

Group 1 - The Beijing Stock Exchange (BSE) will switch to the new "920 code" for existing listed companies starting from October 9, 2025, enhancing the identification and recognition of listed companies [1][4] - The transition to the "920 code" is expected to strengthen the BSE's focus on specialized and innovative small and medium-sized enterprises, attracting high-quality companies to the exchange [1][4] - The code switch will not affect the continuity of the identity of listed companies, investor rights, or related business operations [5] Group 2 - The BSE has implemented a phased approach for the code switch, starting with new listings using the "920 code" from April 22, 2024, before transitioning existing companies [2][3] - The BSE has conducted multiple network tests to ensure readiness for the code switch, which is part of a broader effort to enhance market stability and investor confidence [3][5] - The introduction of the "920 code" is seen as a significant step in establishing the BSE's market position and differentiating it from the New Third Board, thereby attracting more investors [4]

Core Viewpoint - The Beijing Stock Exchange (BSE) is transitioning to a new "920 code" system, which aims to enhance market efficiency and improve trading experience for investors [1] Group 1 - The introduction of the "920 code" is expected to streamline the trading process and reduce transaction costs for investors [1] - This new coding system will facilitate better identification and tracking of stocks listed on the BSE, thereby increasing transparency [1] - The BSE anticipates that the "920 code" will attract more investors and boost overall market activity [1]