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IBond should be criticized, financial analyst says

出自香港新聞網 - 樹仁新傳系學生實習習作

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Reporter: Cindy Chui

Financial analyst from Now TV, Chiu Sin Chun commented yesterday that the public concern on the Financial Budget, released last week, was inappropriate. Instead, the second batch of iBond investment offered should be criticized.

With the release of the Financial Budget last week, the public concern was drawn on whether there will be any grants for them, or any policies that may benefit the citizens. Chiu said, “The public concern went on a wrong path. Instead, people, especially those in the financial sector, should criticize on the selling of HK$10 billion iBond initial public offering.”

Chiu mentioned that such an offer could not cope with the debt crisis nor the inflation. He criticized that the money collected from investors in iBond was for savings only, not for investment. He said,” So who pays the tax for the savings? Of course, the tax payers in Hong Kong pay them.” He regarded this as a little return to the tax payers but they had already paid a lot.

Chiu continued, “ I have a feeling that the budget is now serving Beijing, not Hong Kong. The linking system should serve Hong Kong, but now, it is serving Beijing only.” He quoted “Stay foolish, stay hungry” from Steve Jobs, and said that people in Hong Kong should be open-minded so as to have a better future of Hong Kong. (((pretty good...i tried to find somewhere to trim but really couldn't...all belongs, except for maybe the quote about Steve Jobs))
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