Wanda Bearing is expected to become the first new stock to be listed on the 920 section of the Beijing Stock Exchange
According to the latest updates on the official website of the China Beijing Stock Exchange, the review status of Jiangsu Wanda Special Bearing Co., Ltd. ("Wanda Bearing") has been updated to "registered". If the registration and issuance goes smoothly, it will mean that the first listed company will be listed on the 920 segment of the North Exchange. At the same time, China Beijing-based UFIDA Finance also updated its review status three days ago, which is currently "submit for registration."
On the evening of April 19, the Beijing Exchange announced the launch of the 920 code segment, which aims to improve the recognition of listed companies and facilitate investors' searches and transactions. It is reported that segment 920 will first be used in newly listed companies after April 22, 2024. Newly listed companies will determine their securities codes through lottery selection or direct selection, and then use the 920-segment securities code to complete price inquiry, subscription, and listing and trading on the Beijing Stock Exchange.
Currently, Wanda Bearing is the only company that has registered but not yet issued new shares to be listed. With the emergence of the first new shares in the No. 920 segment, market participants generally believe that this heralds the gradual implementation of related policies such as ETFs, publicly offered convertible bonds, and board transfers in the "19 Deep Reforms" of the Beijing Stock Exchange.
The Kaiyuan Securities Beijing Stock Exchange research team expressed their expectations for this. They believe that the official opening of Section 920 marks the continued advancement of the "19 Deep Reforms" policy, will steadily promote the high-quality construction of the Beijing Exchange, and bring good market expectations for the implementation of subsequent policies.
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