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Reporter Wu Keren

Beijing Stock Exchange, April 19, in order to implement the relevant arrangements of the "opinions on High-quality Construction of the Beijing Stock Exchange," enhance the identification of listed companies, and facilitate investors to search and trade listed stocks, after careful preparation, the Beijing Stock Exchange is scheduled to launch the 920 code segment function on April 22, 2024.

Industry insiders said that the introduction of the 920 code segment will help investors realize the attribute differences between the companies listed on the Beijing Stock Exchange and those listed on the new third board, marking an important step in the completion of the market construction of the North Exchange and helping to attract more investors to the North Stock Exchange. and differentiate competition with other markets.

There are two ways to determine the securities code

The relevant person in charge of the Beijing Stock Exchange said that since the relevant work on the 920 code segment was officially launched in November 2023, securities companies, information merchants, registration and settlement institutions and other parties have cooperated closely, and all preparations are progressing smoothly.

Reporter of China Securities NewsBaccarat999It is learned that in the future, after the new listed companies in the North Stock Exchange determine the securities code by lottery or direct selection, they will use the securities code to complete the inquiry, purchase and listing trading on the North Stock Exchange. All parties in the market can inquire about the issuance and listing progress of newly listed companies using the 920 securities code through the "issuing and listing" column on the official website of the Beijing Stock Exchange.

The above-mentioned responsible person said that in view of the connection with the work of switching the 920 code segment for the stock listed companies, the North Stock Exchange will enable the 920 code segment function for the new listed companies to go online this time, according to the last three unchanged way to reserve the securities code for the stock listed companies, and if the last three are repeated, the post-listed companies will do progressive processing to the fourth code one by one according to the order of listing. Until it does not repeat with the reserved securities code. Newly listed companies after April 22 will determine the stock symbol within the code range that removes the reservation number.

It is helpful to correctly judge the value of the company.

At the beginning of the establishment of the North Stock Exchange, in order to achieve a smooth start and smooth connection, the stocks of listed companies continued to use the securities code of the company when it was listed on the new third board. In order to improve the identification of stocks, the opinion proposes to use the independent code segment of the Beijing Stock Exchange.

Zhu Haibin, general manager of the Research Center of the Open Source Securities North Exchange, said that there are great differences in the rise and fall limits, the number of shareholders, the trading mechanism, the quality of information disclosure, and corporate governance requirements between the Beijing Stock Exchange and the new third board. If the market is not split, the price of the new third board stage may mislead the judgment of the value and price rationality of the enterprise.

In the next step, under the unified leadership of the CSRC, the Beijing Stock Exchange will step up efforts to promote the business and technical preparations related to the code switching of stock listed companies, and complete the code switching of stock listed companies as soon as possible.