HKMA announces 2026 pay review results with 2.65% Fixed Pay increase and 20.04% Variable Pay.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Wed, 25 Mar, The Hong Kong Monetary Authority ("HKMA") announced the results of its 2026 annual pay review, which was conducted by the Governance Sub-Committee ("GSC") of the Exchange Fund Advisory Committee ("EFAC"). The GSC’s recommendations were subsequently approved by the Financial Secretary through EFAC.
# Remuneration Adjustments
The Financial Secretary approved an upward adjustment to HKMA staff Fixed Pay by a general increase of 2.65%, with 1.35% of Fixed Pay allocated for awarding good performers. Additionally, Variable Pay, defined as a one-off payment to staff who have attained or exceeded the required level of performance, was paid equivalent to 20.04% of Total Pay based on 2025 performance.
# Governance Framework
The Financial Secretary determines the annual pay adjustment of HKMA staff having regard to the recommendations made to him by the GSC through EFAC, the GSC’s assessment of the HKMA’s performance in the preceding year, the pay-survey findings of the financial sector conducted by independent human resources consultants, and any other relevant factors.
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