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Chiu Sin Chin, "The Linked Exchange Rate Should Be Changed"

出自香港新聞網 - 樹仁新傳系學生實習習作

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Chiu Sin Chin, "The Linked Exchange Rate Should Be Changed"

by Wong Wun Ling | 4th March 2014

Chiu Sin Chin noted that the Budget released last week had not stated about the measures of increasing the competitiveness of Hong Kong and he said the linked exchange rate should be changed.

Chiu mentioned that the Hong Kong government should not rely on the property market and economic status for increasing the competitive power of Hong Kong. "The development of property market cannot help improve the employment rate in Hong Kong," said Chou, a senior business program co-host.

He pointed out that although the large flow of capital from China, Hong Kong is unable to absorb the hot money,due to the linked exchange rate system. "Just like the water from a sea flows into a river, in which the river lose its sovereignty," he said. Chiu also said as time goes on, the linked exchange rate should be changed.

Besides, he noted Hong Kong is conservative. The government does not subsidize people to invent new products. Chiu said if Hong Kong no longer increase its competitive power, experts would go to China like Shanghai for working and living.

--115074 2014年3月4日 (二) 15:59 (UTC)

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