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Chiu Sin Chun : Inappropriate Ibond

出自香港新聞網 - 樹仁新傳系學生實習習作

跳轉到: 導航, 搜尋

The Financial Budget was distributed last week, the public are concerned if they can

get any grants or tax refund by the government. Now TV Financial analyst,Chiu Sin-chun

said, “The public concern is not appropriate. [Why not?] Instead, people, especially those in the

financial sector, should focus and criticize on the initial public offering of HK$10 billion

iBond.”[Why?]


Chiu described iBond as a wasteful policy, it is foolish to deposit such a huge amount

of capital without making any investment. He claimed that the interest of iBond was came

from tax payers which is not reasonable. [Great answer!]


Chiu also said that the government should evaluate and improve the linked exchange rate

system of Hong Kong, in order to benefit the local economy. The linked exchange rate system

was adopted in 1983. The exchange rate of Hong Kong dollar and the United States dollar was

linked, ensuring to exchange USD into HKD at the rate of 7.8.


Chiu commented that the system is outdated. He said Hong Kong’s greatest business partner is

now the Mainland China, but not the United States, and locals are mainly earning Chinese Renmenbi

through trading and tourism. [Also a great point]

--095165 2012年2月8日 (三) 00:06 (UTC)

[Grade: A]

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