Wealth boom raises skills bar

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

What is the likely value of Asia Pacific's wealth transfer between 2023 and 2030?

1.8 trillion US dollars

30 billion US dollars

5.8 trillion US dollars

58 billion dollars

What percentage of Asia Pacific's 2023-30 wealth transfer is among high-net-worth families?

45 percent

95 percent

60 percent

30 percent

By how much has the number of single-family offices in Hong Kong and Singapore increased since 2020?

It has quadrupled

It has doubled

None of the other answers is correct

It has tripled

How is Hong Kong creating a crypto-friendly environment?

It is enacting a regulatory regime for fiat-backed stablecoins

It plans to implement the OECD's crypto-asset reporting framework

It has rolled out targeted tax breaks

All the other answers are correct

According to Knight Frank, how many individuals in mainland China have a net worth above 10 million US dollars?

370,000

570,000

470,000

270,000

How has accountants' work with family offices changed?

They need to have expertise in crossborder taxation and regulatory frameworks

They require cross-disciplinary capabilities

All the other answers are correct

An understanding of family governance is required

What area of family office investment in particular requires accountants to work with other disciplines?

Hospitality

Minerals

All the other answers are correct

Cryptocurrency

Why does investment in fine art present challenges for accountants?

Works of art created before 1850 have different export rules from other assets

The tax obligation and artwork answers are both correct

Tax obligations can span multiple jurisdictions

None of the other answers is correct

By 2026, what percentage of Hong Kong's wealth inflows will come from mainland China?

51 percent

20 percent

91 percent

40 percent

In terms of individuals with more than 10 million US dollars globally, what proportion does mainland China account for?

A fifth

A quarter

A half

A third

1 unit

Wealth boom raises skills bar

What is the likely value of Asia Pacific's wealth transfer between 2023 and 2030?

What percentage of Asia Pacific's 2023-30 wealth transfer is among high-net-worth families?

By how much has the number of single-family offices in Hong Kong and Singapore increased since 2020?

How is Hong Kong creating a crypto-friendly environment?

According to Knight Frank, how many individuals in mainland China have a net worth above 10 million US dollars?

How has accountants' work with family offices changed?

What area of family office investment in particular requires accountants to work with other disciplines?

Why does investment in fine art present challenges for accountants?

By 2026, what percentage of Hong Kong's wealth inflows will come from mainland China?

In terms of individuals with more than 10 million US dollars globally, what proportion does mainland China account for?

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