There is no clear definition of fund town in China. At the present stage, we think that fund towns can be understood as providing a dynamic mechanism and system to realize the agglomeration effect of the financial industry by carving a "fine and beautiful" software and hardware environment and becoming a high-quality force in the financial market. Through this emerging capital operation mode, it is an important strategic move to directly connect capital and enterprises, closely connect with the real economy, and effectively support regional economic restructuring and industrial transformation and upgrading.

Fund towns can be explained from four dimensions. First, the fund town is mainly a pillar industry characterized by the financial industry, especially attracting various funds and their management institutions to settle in and promoting industrial transformation and upgrading with the power of capital; The second is to provide flexible institutional mechanisms needed for the development of industries such as finance and carry out innovative pilot demonstrations; Third, through the construction of a beautiful ecological environment, realize the upgrading of regional urbanization and the creation of a green environment; The fourth is to build a lifestyle that is livable, suitable for business, suitable for rest, suitable for traveling and suitable for raising, and gradually realize the coordinated development of finance and industry, industry and cities, and cities and people. At present, most fund towns in China are in one or two dimensions, mainly focusing on fund agglomeration and industrial transformation. There is still a long way to go for the integration of industry and finance and the integration of production and city.