SFC employees are paid on average three times as much as average professional in Hong Kong. Photo: David Wong
Jake's View by Jake Van Der Kamp
Pay handed out to SFC staff is way out of line with its deficit
The Securities and Futures Commission has incurred a HK$355.6 million loss while at the same time its 867 staff members were paid an average of HK$1.39 million. It is long past time that some restraints were imposed on these people
Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.