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However, the establishment of a stock exchange in xiong'an new area also faces some challenges. The first is the pressure of market competition. The existing domestic stock exchanges have a high reputation and market share, so xiong'an new area Stock Exchange needs to stand out from the numerous competitions. In this regard, xiong'an new area Stock Exchange can focus on serving the characteristic industrial enterprises in Xiong 'an New District and Beijing-Tianjin-Hebei region through differentiated development strategy, and form its own unique market positioning. Secondly, the improvement of the supervision system, securities trading involves the interests of many investors, and it is necessary to establish a sound supervision system. Xiong'an new area can learn from the advanced regulatory experience at home and abroad to build an efficient and transparent regulatory framework to ensure the healthy and stable operation of the stock exchange.Looking back on the development of Shenzhen, the establishment of Shenzhen Stock Exchange is one of the important driving factors for it to become an international metropolis. Shenzhen Stock Exchange provides a direct financing platform for enterprises, and many small and medium-sized enterprises and innovative enterprises have obtained the funds needed for development through listing on Shenzhen Stock Exchange. For example, the capital support of Shenzhen Stock Exchange played a vital role in the early development stage of a technology giant like Tencent. Shenzhen Stock Exchange not only provides funds for enterprises, but also standardizes the corporate governance structure and improves the transparency and market competitiveness of enterprises. According to statistics, since the establishment of Shenzhen Stock Exchange, the number of listed companies has reached thousands, and the total amount of financing has reached trillions, which has effectively promoted the economic prosperity of Shenzhen and its surrounding areas.Xiong'an new area Wants to Become the Northern "Shenzhen": An Essential Millennium Strategy Enhancement Condition for Stock Exchanges.

2. The all-round influence of the stock exchange on the city1. Shenzhen's development example1. Shenzhen's development example

1. Feasibility analysisLooking back on the development of Shenzhen, the establishment of Shenzhen Stock Exchange is one of the important driving factors for it to become an international metropolis. Shenzhen Stock Exchange provides a direct financing platform for enterprises, and many small and medium-sized enterprises and innovative enterprises have obtained the funds needed for development through listing on Shenzhen Stock Exchange. For example, the capital support of Shenzhen Stock Exchange played a vital role in the early development stage of a technology giant like Tencent. Shenzhen Stock Exchange not only provides funds for enterprises, but also standardizes the corporate governance structure and improves the transparency and market competitiveness of enterprises. According to statistics, since the establishment of Shenzhen Stock Exchange, the number of listed companies has reached thousands, and the total amount of financing has reached trillions, which has effectively promoted the economic prosperity of Shenzhen and its surrounding areas.Xiong'an new area Wants to Become the Northern "Shenzhen": An Essential Millennium Strategy Enhancement Condition for Stock Exchanges.