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The existence of the stock exchange has many influences on a city. First of all, it attracted a large number of financial institutions to gather and formed a complete financial industrial chain. Securities companies, fund companies and investment banks have set up branches in Shenzhen, where Shenzhen Stock Exchange is located. These financial institutions cooperate and compete with each other, which improves the efficiency and quality of financial services. Secondly, the development of stock exchanges has led to the gathering of relevant professionals, including financial analysts, investment consultants and securities lawyers. The influx of these talents not only improved the financial professional level of the city, but also promoted the development of the city's overall education and culture. Finally, the stock trading activities of the stock exchange promote the flow of capital and make the city one of the capital allocation centers in the region, even the whole country and the whole world.The existence of the stock exchange has many influences on a city. First of all, it attracted a large number of financial institutions to gather and formed a complete financial industrial chain. Securities companies, fund companies and investment banks have set up branches in Shenzhen, where Shenzhen Stock Exchange is located. These financial institutions cooperate and compete with each other, which improves the efficiency and quality of financial services. Secondly, the development of stock exchanges has led to the gathering of relevant professionals, including financial analysts, investment consultants and securities lawyers. The influx of these talents not only improved the financial professional level of the city, but also promoted the development of the city's overall education and culture. Finally, the stock trading activities of the stock exchange promote the flow of capital and make the city one of the capital allocation centers in the region, even the whole country and the whole world.

If 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. Shenzhen's development example1. Shenzhen's development example

Xiong'an new area Wants to Become the Northern "Shenzhen": An Indispensable Millennium Strategic Condition for Stock Exchanges.Third, the feasibility and challenges of establishing a stock exchange in xiong'an new area.