Public Disclosure of Assets for Political Office Holders and Key Personnel in Civil Service and Government-linked Corporations

1 Mr Leong Mun Wai asked the Prime Minister whether he will consider the introduction of public disclosure of assets for (i) political office holders and (ii) key personnel in the Civil Service and Government-linked corporations to boost transparency and public trust.

Mr Chan Chun Sing (for the Prime Minister): There are already established processes in place for Political Office Holders (POHs) and civil servants to make declarations of their assets. The Code of Conduct for Ministers requires POHs to make a declaration of their sources of income, assets, and financial liabilities to the President through the Prime Minister, upon their appointment to office. Civil servants make declarations of interests in investments and properties to their Head of Agency annually and when they come to acquire significant assets. For Government-linked companies, they are private entities and make their own decisions on such matters.