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False Introduction of iBonds

出自香港新聞網 - 樹仁新傳系學生實習習作

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By Florence Shiu

7th February


Financial Secretary John Tsang Chun-wah delivered his budget last Wednesday and proposed to sell a new batch of iBonds worth no more than HK$10 billion. The bond intends to help the middle-class to cope with inflation, Now TV financial commentator Chiu Sin-chun, however, criticizes it is wasting taxpayer’s money. [Good introduction, that implies the article will be about the problems or flaws in the proposed budget.]


Chiu said the government received money from the funds, but they did not use them well. “The government should use that money for further investment, and help the needs by introducing proper policies. But HKSAR only pay the dividends, which are from taxpayers,” said Chiu, “it is a shift of taxpayers’ money to iBond holders.”[This is a very important point, and you should expand on it and go int more detail.]


He also queried why the public and the Legco [who?] members did not question the government when iBond launched.


It is said that John Tsang may retain his post in the next government, but Chiu has a different point of view.


“The promotion was used to be ‘Chief Secretary to Chief Secretary’. But as we can see when former Chief Secretary for Administration Henry Tang Ying-yen resigned, Stephen Lam has promoted from a Bureau Secretary to Chief Secretary for Administration, the rules have changed,” said Chiu, “John Tsang may not have that opportunity.”[I have no idea how this ties into the rest of the article, or what point you are trying to make.]

[Grade: C]
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