Singaporean executives were the highest paid in Asia last year, while the Hong Kong-China pay gap narrowed.
Base salaries for executives in 2014 were highest in Singapore, with an average base bay of $586,000 a year – compared to $445,000 a year in Hong Kong, according to a report on global pay by consultancy Towers Watson.
However Hong Kong could yet take the crown – with the Hong Kong dollar pegged to the US dollar, should the latter continue to rise then the territory’s currency will also strengthen, to the detriment of those paid in Singapore dollars, which , a currency which is closely managed.
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