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Third, the feasibility and challenges of establishing a stock exchange in xiong'an new area.

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.Second, xiong'an new area's strategic positioning and demand for stock exchangesSummary: 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.

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