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Chui Sin Chun: IBond should be criticized

出自香港新聞網 - 樹仁新傳系學生實習習作

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February 7th, 2012

Shelly Pan Chu Yuan Report


The 2012-13 Budget has once again (launched? the budget did?) 10 billion of inflation-linked bonds, iBond. Owing to the announcement of high interest rates for iBond last year, the new iBond is predicted to be more popular.

In fact, even though iBond has provided investors with another option for coping with inflation, it was not cheap to buy a lot (price). The selling of iBond last year (is-vt) not well received as prediction.

As a result, people can buy more than one lot of the bond and a person has brought as much as 44 lots of iBond last year.

However, this situation may not happen this year. The purchase difficulty of the coming iBond on June will be reduced and allow more people to buy.

Chui Sin Chun, the senior financial commentator of Now TV, has criticized about iBond (incomplete sentence, rephrase).

Chui said that the government borrows money from citizens through iBond, but they don’t invest to make more money or (use in where needed the money-inc syntax) (run on sentence-shorten). “And finally, they pay the interest to the investors by tax, and it’s not fair for the taxpayers who haven’t (brought?) the iBond,” said Chui.

In Chui’s opinion, he believes that the government wants to raise more funds to ensure the linkage system between the US dollar and the HK dollar.

“As China has become stronger and stronger, we shouldn’t (x) afraid of America. Actually Hong Kong’s development is related more to mainland China. There shouldn’t be so (many?) stored for future use,” said Chui.

The explanation of the talk and financial terms is a bit confusing. Beware of long sentences. Try to keep them short and to the point.
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