Chief Executive CY Leung said today the Stock Connect is an important measure that can expand Hong Kong's financial market as the city will be a gateway for bringing overseas capital into the Mainland.

He told reporters that the stock through train scheme with Shanghai also boosts Hong Kong's role as an information centre for the Mainland, as overseas institutional investors need to find out information about Mainland markets and listed companies.

Mr Leung added that further expanding the local financial market can also create job opportunities for young people.