HKMA releases pay review details

The Hong Kong Monetary Authority (HKMA) has announced the result of its annual pay review for staff of the HKMA in 2004.

The review is undertaken by the Exchange Fund Advisory Committee (EFAC) on the recommendations of the EFAC Remuneration and Finance Sub-Committee (RFSC).

EFAC has, on the recommendation of the RFSC, determined that the Fixed Pay of HKMA staff should continue to be frozen in 2004. EFAC has also determined, on the recommendation of the RFSC, a slight increase in Variable Pay

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