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Time for Hong Kong dollars to appreciate

出自香港新聞網 - 樹仁新傳系學生實習習作

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“It is time for Hong Kong dollar to appreciate and depends on Hong Kong’s own economic

situation,” said by Chiu Sin Chun, a financial critic from Now TV.


Asking Hong Kong dollar to appreciate is a hot topic in these recent years. Some say the

linked exchange rate is no longer suitable and should be cancelled. The exchange rate of

Hong Kong dollar to US dollar should be back to market.


“It can decrease the high inflation rate without increase interest rate,” Chiu said. He

pointed out the linked exchange rate to US dollar is just a past political decision and it

has to be cancelled not because the depreciation of US dollar but Hong Kong’s own economic

situation, high inflation.


He also criticizes the budget of 2012. “Unlike past budgets, budget nowadays do not have

any managed ideas,” “Conservative does not means perfect. It declines people’s creative

and vitality. A budget should be constructive.”


He predicts Renminb (RMB) will continue appreciate with 3% to 5%. ((good job here...your strongest to date...good start to the semester))

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