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IBond should be criticized, said Chiu Sin Chun

出自香港新聞網 - 樹仁新傳系學生實習習作

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Tuesday, February 07, 2012 by Yeung Chi Ho

"When did Hong Kong people become so insensitive?" Said Chiu Sin Chun, the senior financial commentator of now TV, during the general assembly at Shue Yan University yesterday when criticizing the 2012-13 Budget.


The 2012-13 budget announced a further HKD10 billion iBond which aim to lessen the inflation burden of the middle class. However, Chiu Sin Chun thought that iBond should be blamed. "It's like borrowing 10 billion dollars from investors and just put them into the treasury," he said. Chiu stated that the money should be used to invest for more money. If not, the situation will become using taxpayer's money to pay interest back to the investors.


When being asked which of the three Chief Executive candidates have the best financial management skills, Chiu said that the electoral system now leads to an irrelevancy of the candidates' calibre and the final voting result. "That's not room to discuss about their calibre, it's only a game of the 1000 election committees," said Chiu. ((after the first sentence, gets really focused and strong...nice work here))
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