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IBond Criticized as Wasteful

出自香港新聞網 - 樹仁新傳系學生實習習作

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Reporter: Ryan K.H.Fung

A further issuance of iBond worth up to HKD$10 billion, being announced in the recent Budget Plan, was criticized by Now TV financial analyst for its conservative policy adopted, for which could neither go against inflation nor benefit the public.


Chiu described iBond as a redundant and wasteful policy, as it would be foolish to deposit such an extortionate amount, without making use of it to make any investment. He emphasized that the interest of iBond actually stems from tax payers, which is not reasonable.


'In addition, it would be impossible for those living at subsistence level to acquire iBond, for even a lot.' said Chiu.


He quoted The Parable of the Bags of Gold from the Bible and said HKSAR to be the stupidest servant, who just dug a hole in the ground and hid the money given by his master. ((overall pretty strong...not as smooth as some of your work but still pretty good))
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