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Inappropriate iBond

出自香港新聞網 - 樹仁新傳系學生實習習作

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Inappropriate iBond

by Winnie Wu


Hong Kong, Feb. 7 - As(x-missing words) high returns of iBond, some argue that (it is worth (for) investment-check grammar). However, Chiu Sin Chun, Financial Analyst of Now TV, (criticized that the second batch of iBond should not be offered in the 2012 -2013 Financial Budget. (criticize...that should not...rephrase)


In order to cope with inflation, Financial Secretary John Tsang has announced iBond, which is associated with retail inflation index, in the 2011-2012 Financial Budget. There is at least one percent return, and the interest rate is determined by yearly inflation rate of Hong Kong. (need to explain what the iBond is)


The interest is returned half-yearly. The relevant rate for the first payment is 6.08 percent. Many financial analysts said that the investment is profitable.


John Tsang has introduced iBond again in 2012-2013 Financial Buget. The offered issue amount is 10 billion Hong Kong dollars.


‘iBond is criticized in (x) financial field. There should be financial crisis for selling bonds but not distribute money to people. How can John Tsang give subscribers money which is (pay-vt) by taxpayers,’ said Chiu Sin Chun, Financial Analyst of Now TV.


Many Hong Kongers are suffering under the high inflation rate but Chiu did not think iBond can help in lowering the inflation rate.


‘The Government will spend 10 billion Hong Kong dollars in iBond but nothing on Public Housing. It is not reasonable,’ said Chiu.

You have good quotes and figures, however there needs to be more on the background, (5ws) and defining iBonds more concisely.


--095076 2012年2月7日 (二) 22:58 (UTC)


Correction

Hong Kong, Feb. 7 - As the high returns of iBond, some argue that it is good for investment. However, Chiu Sin Chun, Financial Analyst of Now TV, commented the second batch of iBond offered in the 2012 -2013 Financial Budget was inappropiate.


In order to cope with inflation, Financial Secretary John Tsang has announced iBond, which is interest bonds associated with retail inflation index, in the 2011-2012 Financial Budget. There is at least one percent return, and the interest rate is determined by yearly inflation rate of Hong Kong.


The interest is returned half-yearly. The relevant rate for the first payment is 6.08 percent. Many financial analysts said that the investment is profitable.


John Tsang has introduced iBond again in 2012-2013 Financial Buget. The offered issue amount is 10 billion Hong Kong dollars.


‘iBond is criticized in the financial field. There should be financial crisis for selling bonds but not distribute money to people. How can John Tsang give subscribers money which is paied by taxpayers,’ said Chiu Sin Chun, Financial Analyst of Now TV.


Many Hong Kongers are suffering under the high inflation rate but Chiu did not think iBond can help in lowering the inflation rate.


‘The Government will spend 10 billion Hong Kong dollars in iBond but nothing on Public Housing. It is not reasonable,’ said Chiu.
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