Mr Li is a shareholder in five private companies - two of which are linked to his family - and a director of four. All judges are required to make a declaration of their interests to the Judiciary but they are not prohibited from buying shares or becoming company directors, although normally they would resign from directorships to remain impartial. Legislator Ip Kwok-him said there was no need for Mr Li to give up his shares. 'The most important thing is that he declares his interests,' he said. According to his Exco declaration, Mr Li is a director of three private limited companies holding property: Peak Fortune, Happy Resources and Good Harvests. He has bought four flats in the past six years through Peak Fortune, of which his wife, Judy Li Woo Mo-ying, is a director. He took a mortgage of $1.58 million to buy a flat in Taikoo Shing in 1991; one of $1 million to buy a flat in Whampoa Garden in 1992; one of $1.8 million on a flat in Horizons Garden, Taikoo Shing, also in 1992; and most recently one of $3 million for a flat in Kwun Hoi Terrace, Taikoo Shing, in 1994. The last three mortgages were from the Bank of East Asia where his cousin, David Li Kwok-po, is deputy chairman and chief executive. A $7 million mortgage from the bank also helped him buy his chambers office in Admiralty through Happy Resources in 1992.