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From the perspective of the CPC Central Committee's the State Council policy, xiong'an new area, as a new area of national key construction, has received strong support from the national policy. If a stock exchange is to be established, the state can provide guarantee in policy formulation, supervision and coordination. In terms of geographical location and infrastructure, xiong'an new area is located in the core area of Beijing-Tianjin-Hebei, with convenient transportation and gradually improving infrastructure. Moreover, the high standard and foresight of xiong'an new area's planning provide a good hardware environment for the construction of the stock exchange. From the perspective of talents, with the development of xiong'an new area, it has attracted a number of high-end talents, and can rely on the rich talent resources in Beijing, Tianjin and Hebei to provide talent protection for the operation of the stock exchange.1. xiong'an new area's Millennium Plan PositioningIf xiong'an new area has a stock exchange, it will greatly enhance its position in the financial field. First of all, it can attract more enterprises to list in xiong'an new area. These enterprises not only bring together funds, but also include the exchange and integration of technology, talents and management experience. For local enterprises, it is more convenient to enter the capital market for financing and accelerate the growth of enterprises. Secondly, the stock exchange will promote the development of financial innovation in xiong'an new area. For example, innovative financial products and services can be launched for xiong'an new area's characteristic industries, such as green buildings and smart cities. Furthermore, the stock exchange will attract a large number of financial talents to flow into xiong'an new area, improve the talent structure of xiong'an new area, and improve its financial service level and internationalization, thus bringing xiong'an new area closer to the goal of becoming a "Shenzhen" in the north.

1. xiong'an new area's Millennium Plan PositioningFirst, the success of Shenzhen and the key significance of the stock exchangeFirst, the success of Shenzhen and the key significance of the stock exchange

1. Shenzhen's development exampleXiong'an new area is positioned as a national millennium plan and a national event, and its development goal is to become a national model for high-quality development and a new engine for promoting the coordinated development of Beijing, Tianjin and Hebei. To achieve this goal, we need strong financial support. At present, xiong'an new area is actively building a modern industrial system, attracting high-end manufacturing, modern service industry and scientific and technological innovation enterprises to settle in. These enterprises need a lot of capital investment in the development process. In addition to the traditional indirect financing methods such as bank loans, direct financing in the securities market is a more efficient and flexible way.Third, the feasibility and challenges of establishing a stock exchange in xiong'an new area.