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Top officials investments available for public inspection
Investments declared by the 20 top officials will be available for public inspection from today (Tuesday).
Under the revised Rules on Investments and Declaration of Investments by Civil Servants promulgated in March this year, civil servants appointed to posts with access to market sensitive information are required to declare their private investments
in Hong Kong annually.
In addition, the 20 top officials namely, the Chief Secretary, Financial Secretary, Attorney General, Branch Secretaries, Commissioner of Police and Commissioner, and Independent Commission Against Corruption, have to register every year with the government their financial interests in Hong Kong. This register will be made available for public inspection.
The interests they have to declare are:
(a) land and property including the family home;
(b) proprietorships, partnerships or directorships of companies; and
(c) shareholdings of one per cent or more in any listed public or private
company.
A government spokesman explained that the purpose of making the declarations of the 20 top officials available for public inspection is to further enhance the concept of public accountability.
Members of the public may call the Civil Service Branch on 2810 2748 to make an appointment to inspect the records during office hours. Inspection is free but copies will be charged at the Government rate. Note to Editors:
A summary of the declarations of interests by the 20 top officials will be faxed.
End/Tuesday, August 1, 1995
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