HKMA settles on staff pay increase

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The Hong Kong Monetary Authority (HKMA) today (April 2) revealed the results of the institution's annual pay review.

The review for 2012 was undertaken by the governance sub-committee (GSC) of the exchange fund advisory committee (EFAC) at the HKMA. The GSC’s recommendations were then approved by the financial secretary, John Tsang Chun-wah.

"On the advice of the GSC, the financial secretary has approved that the fixed pay of HKMA staff will be adjusted upward by a general increase of 5.2%, wher

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