[Beijing Exchange requires brokers to strengthen new stock investment risk warnings and emphasizes the prohibition of privately agreed transfers of new shares] On September 24th, reporters learned that the North Exchange recently issued a notice to securities companies, requiring them to strengthen new stock investment risk warnings and education, focusing on investors who frequently participate in new stock subscriptions on the North Exchange (the number of times they have participated in subscriptions is 2 or more times since 2026). Brokerages must promptly remind investors through text messages and other means after investors submit subscription instructions to guide investors to participate in new stock investments on the North Exchange in compliance with regulations. The Beijing Stock Exchange mentioned that investors must be wary of illegal intermediaries privately acquiring new shares and agreeing on the income sharing of new shares, which may be suspected of violating laws and regulations, and there is a risk of account being restricted from trading. New shares should be traded through legal and compliance channels on the exchange after listing. According to the reporter’s understanding, the work will last until the end of 2026. In September this year, the Beijing Stock Exchange punished three investors who privately acquired new shares during the issuance of new shares and agreed to share the proceeds of the new shares, and adopted self-regulatory measures to restrict securities account transactions for three months. (Reporter Lin Jian)