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IBond should be criticized

出自香港新聞網 - 樹仁新傳系學生實習習作

跳轉到: 導航, 搜尋

(x) Hong Kong government is going to launch the second batch of iBond, which is an inflation-linked debt paper with life span of 3 years, in the coming June. Chan Ka-keung, the Secretary for Financial Services and the Treasury, supported iBond and suggested citizens to view iBond as a good investment option. However, Chiu Sin-chun, Now TV financial commentator, criticized that “iBond is not a good long-term investment tool” at Shue Yan University. (Intro should be a bit shorter, go straight to the point of the article)


By Rainbow Ho 21:26 07/02/2012


From the 2012-2013 budget was issued last Wednesday, it is proposed that the minimum issue size of iBond should be around HKD$10 billion. And the principal investment of the iBond is HKD$10000.


Chiu indicated that iBond is not a fair system since the grassroots could not afford to invest $10000. Therefore, the poor cannot enjoy the benefits from (x) iBond. (good, need to explain reasoning behind criticism)


Besides, as iBond aims at (coping (x)) the problem of inflation, it seems government will take advantage of huge amount of investment (HKD$10 billion of iBond) (no ()s, use commas) to earn interests.


“The government only saves all money in the warehouse rather than making any investment,” said Chiu.


As a result, Chiu questioned (that who is-rephrase) the final beneficiary from iBond because all taxpayers have to pay for the interests of the iBond.


“It is unfair to use taxpayer’s money to sponsor the iBond holders for subsidizing their interests,”added Chiu.

Good job explaining the injustice behind the iBond, but your article ends too abruptly. Also, your title could use more detail, criticized by whom?

--095083 2012年2月7日 (二) 21:29 (UTC)

Correction

The Hong Kong government is going to launch the second batch of iBond, which is an inflation-linked debt paper with life span of 3 years, in the coming June. However, Chiu Sin-chun, Now TV financial commentator, criticized that “iBond is not a good long-term investment tool” at Shue Yan University.


By Rainbow Ho 21:26 07/02/2012


From the 2012-2013 budget was issued last Wednesday, it is proposed that the minimum issue size of iBond should be around HKD$10 billion. And the principal investment of the iBond is HKD$10000.


Chiu indicated that iBond is not a fair system since the grassroots could not afford to invest $10000. Therefore, the poor cannot enjoy the benefits from the iBond.


Besides, as iBond aims at coping with the problem of inflation, it seems government will take advantage of huge amount of investment ,HKD$10 billion of iBond, to earn interests.


“The government only saves all money in the warehouse rather than making any investment,” said Chiu.


As a result, Chiu questioned who is the final beneficiary from iBond because all taxpayers have to pay for the interests of the iBond.


“It is unfair to use taxpayer’s money to sponsor the iBond holders for subsidizing their interests,”added Chiu.
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