Civil Servants' Pay Set To Rise By 3-5 Percent
"); jQuery("#212 h3").html("
"); });
2019-05-16 HKT 10:51
Share this story
Civil servants are set to receive a pay rise of between 3.13 percent and 5.08 percent this year.
The figures are calculated on the basis of a pay trend survey conducted by a government-appointed committee that studies salary movements in the private sector.
According to the survey, senior civil servants can expect a 4.58 percent jump, with rises of 5.08 percent and 3.13 percent for middle and lower-ranking staff.
But the committee’s chairman, Lee Luen-fai, said the final level of increases will be decided by the government after considering a basket of factors.
Last year, civil servants were given pay increases of between 4.06 and 4.51 percent.
OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers
OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more
Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push
Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more
Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails
Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more
Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion
Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more
Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises
Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more
Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability
Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more