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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.2. The all-round influence of the stock exchange on the city2. The all-round influence of the stock exchange on the city

Xiong'an new area Wants to Become the Northern "Shenzhen": An Indispensable Millennium Strategic Condition for Stock Exchanges.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.Second, xiong'an new area's strategic positioning and demand for stock exchanges

2. Challenges and countermeasures1. xiong'an new area's Millennium Plan PositioningXiong'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.