According to the information from the Registration and Electoral Office, the only candidate, Li Jiachao, received more than 11.26 million yuan in donations and spent more than 9.13 million yuan.
59 groups donated to Li Jiachao
The sixth chief executive election was completed on May 8. The only candidate, Li Jiachao, was elected with 1,416 support votes, with 99.2% of the votes, far exceeding previous chief executive elections.
According to the information, Li Jiachao declared that he had received about 11.26 million election donations, of which the total amount of election donations used for the election was 9.13 million yuan.
59 organizations donated to Li Jiachao, among which the Hong Kong Friendship and Promotion Association, the Chinese General Chamber of Commerce, the Manufacturers' Association, and the Heung Yee Kuk of the New Territories all donated HK$300,000, but the Hong Kong General Chamber of Commerce and the Real Estate Developers Association are not listed.
According to the Election Ordinance, the expenditure ceiling for candidates in this election is $17.6 million.
It is understood that Li Jiachao, who is currently sanctioned by the United States, does not have a bank account and needs to collect donations in cash during the election campaign. Many political and business people and organizations want to donate to support and are told to donate in the name of the organization.
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