Hong Kong's executives have overtaken their counterparts in Japan to become the highest paid in Asia, an international survey says. The results were attributed to the faltering Japanese economy combined with the spin-off effect in Hong Kong of a booming mainland. The survey by Mercer Human Resource Consulting found top executives in Hong Kong were on average paid 32 per cent more than their counterparts in Japan and 45 per cent more than Singapore executives. On the mainland, executives received 65 per cent less, the survey showed. Recent economic and business trends have divided Asia's pay levels into three groups, with Hong Kong, Japan and Singapore first, followed by the mainland, Taiwan and South Korea, and Southeast Asia and India third. The head of finance and accounting in a Hong Kong firm receives a package worth between US$144,000 and US$203,000, compared with US$121,900 to US$138,000 in Japan and US$94,600 to US$132,700 in Singapore.