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Financial Analyst disagrees with the Government to further issue iBond

出自香港新聞網 - 樹仁新傳系學生實習習作

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Financial Analyst disagrees with the Government to further issue iBond

Kelly Choi --095077 2011年11月1日 (二) 23:34 (UTC)

7 February, 2012

The Financial Secretary John Tsang delivered the 2012-2013 Budget on (x) 1(x) February. HK$10 billion worth of iBonds- inflation(-?)linked debt paper (is?) proposed as “another option for coping with inflation.” However, the financial analyst of Now TV Chiu Sin Chun criticized the government (that?) iBond did not help tackle inflation in a talk held in Hong Kong Shue Yan University on (x) 7 (x) February.

The bonds, available to subscription (by) Hong Kong residents only, carry a three-year maturity and offer a biannual payout in line with inflation in the previous half- year period.

“IBond is only a tool for the government to help the residents to save money. The interest given by the government is paid by Hong Kong taxpayers. The wealth of the whole market does not grow ultimately so it is not good for the economy.” said Chiu.

The first batch of iBond was launched last year (punct.) which was well received and therefore the government decided to launch a further issuance of iBond this year.

Chiu conceded that Hong Kong residents may receive interest from buying iBond. However, the Budget should have a prospective scheme instead of focusing on short-term return.

Therefore, Chiu suggested that the government should provide more tax reduction to small and medium-sized enterprises (for) encouraging them to create jobs and develop their business.

Good use of quotes, and explanations, careful with missing punctuation and misuse of prepositions. in the title, iBond should be in the plural form.
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