HONG KONG MONETARY AUTHORITY Annual Report 1996
HONG KONG MONETARY AUTHORITY
Emoluments of the senior staff amounted to $38.68mn ($33.94mn in 1995). Due to the department of an Executive Director and an appointment of another Executive Director, the headcount for the year is 11.
STAFF DEVELOPMENT
In 1996, the HKMA provided 3,710 training man-days, including 589 man-days of overseas training. Courses arranged covered a wide range of subjects, such as central banking, specialist skills, computer, communication and Putonghua.
On the banking side, the HKMA developed a two-month enhanced induction course covering all the basics of banking supervision for junior bank supervisors. The course was launched in August 1996 and proved to be a success.
Through sharing of our knowledge and experience with other central banks, the HKMA staff have widened their exposure and network with our overseas counterparts. In 1996, HKMA provided attachment programmes to officials from the People's Bank of China (PBoC), China's State Administration of Foreign Exchange and the China Securities Regulatory Commission. A total of 16 trainees from these organisations were attached to the HKMA last year. The programme consisted of lectures on monetary management and banking supervision, together with attachment to designated divisions within the HKMA and visits to commercial banks and regulatory bodies in Hong Kong. To reciprocate, two batches of senior HKMA staff attended a one-week course organised by the PBoC in 1996. The course aimed at familiarising HKMA staff with the financial, banking supervisory and monetary systems in the mainland with particular emphasis on recent reforms.
INFORMATION TECHNOLOGY OBJECTIVES
The Information Technology (IT) Division has played a vital role in supporting the HKMA operations. The objective is to enhance work efficiency and sustain improvements in the HKMA's effectiveness. To this end, the IT Division has worked towards the establishment of a strong IT infrastructure to integrate IT into the HKMA's business strategy, and in turn enhance the HKMA's ability to maintain Hong Kong's position as a leading financial centre.