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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.1. xiong'an new area's Millennium Plan PositioningThird, the feasibility and challenges of establishing a stock exchange in xiong'an new area.

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.Summary: In many strategic conditions, the establishment of a stock exchange is indispensable for xiong'an new area to become the "Shenzhen" in the north. The stock exchange plays a great role in promoting the development of the city. Although xiong'an new area has certain conditions in the feasibility of establishing a stock exchange, it also faces many challenges. Only by overcoming these challenges and establishing a stock exchange in xiong'an new area can xiong'an new area provide a powerful financial impetus to become a northern "Shenzhen" and realize its grand goal of the Millennium.1. Feasibility analysis

1. xiong'an new area's Millennium Plan Positioning1. xiong'an new area's Millennium Plan Positioning2. The all-round influence of the stock exchange on the city