HKMA settles on staff pay increase


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%

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