| In August 1993, the Land Registry was
established as one of Hong Kong’s first Trading Fund Departments.
Under the trading fund model, the Land
Registry governs its own finances and must meet its expenditure
with its own income. The Land Registry has flexibility to respond
to the service needs of clients and customers through autonomy in
capital investment projects to enhance services and operational
efficiency.
The Land Registrar serves as the General Manager
of the Land Registry Trading Fund.
The Trading Fund’s Annual Report
and the certified financial statements by the Director of Audit
must be tabled in the Hong Kong Legislative Council each year.
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