HKMA Pay Review 2010

Press Releases

01 Apr 2010

HKMA Pay Review 2010

The Hong Kong Monetary Authority (HKMA) announced today (Thursday) the result of the annual pay review for staff of the HKMA in 2010. The review was undertaken by the Governance Sub-Committee (GSC) of the Exchange Fund Advisory Committee (EFAC). The GSC's recommendations have been approved by the Financial Secretary on the advice of EFAC.

Following the market pay trend, the Fixed Pay of HKMA staff will be increased by an average of 2.94%. The actual increases for individual staff will be awarded according to performance.

Variable Pay averaging 2.3 months' salary will also be paid to staff according to their performance in the previous year. Variable Pay is a one-off payment payable to staff who have attained or exceeded the required level of performance.

The Financial Secretary determines the pay adjustment of HKMA staff each year in the light of recommendations made to him by the GSC through EFAC, taking into account the pay-survey findings of independent consultants in the financial sector, the GSC's assessment of the performance of the HKMA during the preceding year, and other factors considered appropriate.

For further enquiries, please contact:
Peggy Lo, Manager (Communications), at 2878 1687 or
Natalie Wu, Officer (Communications), at 2878 8246

Hong Kong Monetary Authority
1 April 2010

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Last revision date : 01 April 2010