New Exco two lag in real estate stakes

PUBLISHED : Sunday, 16 July, 2006, 12:00am
UPDATED : Sunday, 16 July, 2006, 12:00am

Hong Kong's newest executive councillors, Denise Yue Chung-yee and Wong Yan-lung, are lightweights compared to their Exco counterparts when it comes to property ownership and company directorship, the latest registrar of councillors' interests shows.

Exco's Register of Members' Interests, released yesterday, outlined councillors' properties, company directorships and club and association memberships.

Secretary for the Civil Service Ms Yue owns just four apartments, and Secretary for Justice Mr Wong owns three properties. Secretary for Education and Manpower Arthur Li Kwok-cheung owns 73 properties - three in London.

His older brother, non-official Exco member David Li Kwok-po, owns 83 properties, including two in Manila, three in Singapore, three in the UK and three in the US.

David Li is also a member of 54 boards or committees and belongs to more arts-related organisations than other members.

Ronald Arculli owns or partly owns 21 properties in Hong Kong and overseas. Chief Executive Donald Tsang Yam-kuen owns two properties, including one in Surrey, England. Mr Tsang holds the top rank when it comes to being a member or patron of an organisation. He holds 70 positions.

Executive councillor and legislator Bernard Charnwut Chan remains the top-ranked member when it comes to directorships. He is a director of 41 companies.

In their leisure pursuits, Ms Yue and Mr Wong fit right in when it comes to which club to join. Both are members of the Hong Kong Jockey Club, to which more than half of their Exco colleagues belong.