HKMA announces pay review 2005

The Hong Kong Monetary Authority (HKMA) announced on Friday 1 April the result of the annual pay review for staff of the HKMA in 2005. As a result of the pay review, the Fixed Pay of most HKMA staff will continue to be frozen in 2005.

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.

As a result of the pay review, the Fixed Pay of most HKMA