Date
17 August 2017
Secretary for Innovation and Technology Nicholas Yang has revealed that he and his family own 10 properties, one of the highest numbers by a top government official. Photo: HKEJ
Secretary for Innovation and Technology Nicholas Yang has revealed that he and his family own 10 properties, one of the highest numbers by a top government official. Photo: HKEJ

Nicholas Yang one of the biggest landlords among top officials

Secretary for Transport and Housing Frank Chan, Secretary for Education Kevin Yeung and Secretary for Home Affairs Lau Kong-wah have emerged as the only three Executive Council (Exco) official members with no properties under their names, the Hong Kong Economic Journal reports, citing information from the latest declarations of interest in land and property made by the new Exco team.

Nicholas Yang, secretary for Innovation and Technology, revealed that he and his family own 10 properties.

Among the unofficial members, Heung Yee Kuk chairman Kenneth Lau is understood to have 16 land plots, 14 in Tuen Mun and two factory plots in the mainland.

Arthur Li, chairman of the governing council of the University of Hong Kong (HKU), is the owner of over 30 properties, the highest number among his Exco peers.

By contrast, Horace Cheung, vice chairman of the Democratic Alliance for Betterment and Progress of Hong Kong, declared zero interest in any properties.

Chief Executive Carrie Lam is said to have one residential property and parking lot in Zhongshan, which is used by her husband Lam Siu-por.

Eric Chan, director of the Chief Executive’s Office, jointly owns three properties in Hong Kong with his wife. Chan is also a full member of the Hong Kong Jockey Club.

Chief Secretary Matthew Cheung owns nine properties in Hong Kong, with seven being rented out.

Of the newly appointed secretaries, Secretary for Commerce and Economic Development Edward Yau and Secretary for Constitutional and Mainland Affairs Patrick Nip have six and five properties, respectively.

Secretary for Labour and Welfare Law Chi-kwong, Secretary for Security Lee Ka-chiu and Secretary for Development Michael Wong each owns one property.

Former head of the Hong Kong Monetary Authority Joseph Yam, who is an independent non-executive director of two companies, owns three properties in Hong Kong, as well as two units in Zhongshan.

Ronny Tong Ka-wah, convenor of the Path of Democracy think tank, has three properties, including one in the US for his relatives.

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