What must the Chief Executive declare upon assuming office?

Upon assuming office, the Chief Executive of Hong Kong must declare their assets. This requirement is part of the broader framework ensuring transparency and accountability in public office. The declaration of assets is crucial for preventing conflicts of interest and maintaining public trust in government officials.

The declaration serves to inform the public about the financial interests and potential conflicts that may arise during the Chief Executive's tenure. It contributes to the integrity of the office and reinforces the commitment to public service, ensuring that actions taken while in office are in the best interests of the people.

While personal finances may encompass various aspects of one's financial situation, asset declaration specifically focuses on tangible and intangible properties or investments that could influence decision-making. This distinction is essential to understand the transparency obligations set out for public officials.