Review of Statutory Minimum Wage rate
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The Minimum Wage Commission (MWC) will submit to the Chief Executive (CE) in Council its recommendation report on the next Statutory Minimum Wage (SMW) rate by the end of February 2027 at the latest.
The Secretary for Labour and Welfare, in exercise of the authority delegated by the CE, has required the MWC to submit its recommendation report on the next SMW rate on or before February 28, 2027, in accordance with the Minimum Wage Ordinance (Cap. 608).
The CE in Council has approved adopting the following formula for implementing an annual review of the SMW rate:
The annual rate of adjustment in the SMW (%) = Headline Consumer Price Index (A) (CPI(A)) inflation# (subject to a lower bound of zero) + [(the growth rate of the real Gross Domestic Product (GDP) in the latest year – the trend growth rate of the real GDP in the latest decade) × 20%] (economic growth factor*)
# It refers to the year-on-year rate of change in the headline CPI(A).
* The economic growth factor is subject to an upper bound of one percentage point and a lower bound of zero.
The Government expects that the next SMW rate will take effect on May 1, 2027. The MWC will strive to complete the review in a timely manner.
Ends/Monday, June 1, 2026
Issued at HKT 11:00
Issued at HKT 11:00
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