Every Friday, we challenge our readers with five financial trivia questions drawn from the international/offshore world…
To see the answers, go to page 2. To suggest a question, email [email protected]
1. Which Asian city now has more US-dollar billionaires than New York, putting it in first place for the first time, according to the latest Hurun Global Rich List?
a.) Singapore b.) Hong Kong c.) Shanghai d.) Taipei
2. Who is now said to be the richest individual in ‘Greater China’, according to the Hurun Global Rich list, and how much does he/she have?
a.) Li Ka-shing, the Hong Kong mogul
b.) Wang Jianlin, chairman of China’s Wanda Group
c.) Lee Shau Kee, Hong Kong real estate tycoon
d. Jack Ma, founder of China’s Alibaba Group
3. What are dim sum bonds, and what are their British equivalent called?
4. “Haigui” is a word one sometimes hears in Chinese and Hong Kong English language circles. What does it refer to?
5. A weekday issue of the Financial Times costs how much in the UK? How much in the Channel Islands?
What about the weekend edition?
To see the answers to this quiz, go to page 2.
Answers to the International Investment Daily Financial Trivia Quiz:
1. a.) (Shanghai)
2. b.) (Wang Jianlin, chairman of the Wanda Group, with US$26bn)
3. Dim sum bonds are renminbi-denominated bonds sold outside of China. They were extremely popular when first introduced in 2007, when they were initially sold to non-mainland investors only through Hong Kong, which is known for its dim sum cuisine.
The British sterling equivalent are known as bulldog bonds.
4. “Haigui” means “sea turtles”, and it’s used to refer to those young Chinese who have studied overseas and returned to Mainland China. Famous haigui in the past have included Sun Yat-Sen, Zhou Enlai and Deng Xiaoping. (Most of those who go abroad to study don’t return, however, figures over the past 30 years have shown.)
5. A weekday issue of the FT is £2.70 in the UK, £3 in the Channel Islands; the weekend edition is £3.50 in the UK and £3.80 in the Channel Islands.