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HK$10 Billion iBond Criticized as Unworthy

出自香港新聞網 - 樹仁新傳系學生實習習作

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By Chloe Chiu


HKSYU, 6 FEB –“iBond seems (as?) a useless approach and government could just save the money without investment.” Now TV financial analyst Chiu Siu Chun strongly criticized (that) this policy is worse since the tax payers have to bear the burden by paying the interest.


iBond is a tool to prepare funds fighting for the linked exchange rate system by Joseph Yam Chi kwong, the secretary of Hong Kong Monetary Authority of HKSAR. The exchange rate system implemented in Hong Kong is to stabilise the exchange rate between the Hong Kong dollar and the United States dollar. Chiu mentioned that Hong Kongers nowadays are (insensibe?) since there is (no any) criticism.


He then explained that since China becomes ‘stronger’ and there is no George Soros existing, it is no longer ‘essential’ to defend.(without the context, the quote cannot be understood)

This article lacks substance. What about the background? (5ws) and closing?
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