Rapport sur les marchés de capitaux en Asie 2025 (version abrégée)

Sigles et abréviations

AAM	Asia Asset Management Journal
ABLJ	Asia Business Law Journal
ABMF	ASEAN +3 Bond Market Forum
ABMI	Asian Bond Market Initiative
ABO	AsianBondsOnline
ACGA	Asian Corporate Governance Association
ACRAA	Association of Credit Rating Agencies in Asia
ADB	Asian Development Bank
AI	artificial intelligence
AIMA	Alternative Investment Management Association
AMBIF	ASEAN +3 Multi-currency Bond Issuance Framework
AOSSG	Asian-Oceanian Standard-Setters Group
APAC	Asia-Pacific
ASBE	Accounting Standards for Business Enterprises
ASEAN	Association of Southeast Nations
ASIC	Australian Securities and Investments Commission
AUM	assets under management
BFRS	Bangladesh Financial Reporting Standards
BIS	Bank for International Settlements
BLI	Bureau of Labor Insurance of Chinese Taipei
BNM	Central Bank of Malaysia
BOT	Bank of Thailand
BSP	Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
CAPEX	capital expenditure
CBDC	central bank digital currency
CBI	Climate Bonds Initiative
CBS	Climate Bonds Standard
CBSL	Central Bank of Sri Lanka
CEO	Chief Executive Officer
CGIF	Credit Guarantee and Investment Facility
CIFRS	Cambodian International Financial Reporting Standards
CMI	Chiang Mai Initiative
CMIM	Chiang Mai Initiative Multilateralization
CPF	Central Provident Fund of Singapore
CPFIS	CPF Investment Scheme
CPI	consumer price index
CRA	Credit Rating Agency
CSX	Cambodia Stock Exchange
DMO	debt management office
e-KYC	electronic Know Your Customer
EBITDA	earnings before interest, taxes, depreciation, and amortisation
ECB	European Central Bank
EMDEs	emerging markets and developing economies
EMEA	Europe and the Middle East
EPF	Employees Provident Fund
ERPD	Economic Review and Policy Dialogue
ESG	environment, social and governance
ETF	exchange traded fund
EU	European Union
EU GBS	EU Green Bond Standard
FCA	Financial Conduct Authority - United Kingdom
FIBEN	Fichier bancaire des enterprises (French banking database on companies)
FinTech	financial technology
FMAP	Fund Managers Association Of The Philippines
FRED	Federal Reserve Bank of St. Louis
FSA	Non-bank Financial Services Authority - Cambodia
FSC	Financial Services Commission - Korea
FT	Financial Times
FSTB	Financial Services and the Treasury Bureau
GAAP	Generally Accepted Accounting Principles
GBP	green bond principles
GBS	green bond standards
GDP	gross domestic product
GenAI	generative artificial intelligence
GHG	greenhouse gas
GSS	green social and sustainability
HKCMC	Hong Kong Cyberport Management Company
HKEX	Hong Kong Stock Exchange
HKFRS	Hong Kong Financial Reporting Standards
HKMA	Hong Kong Monetary Authority
IAIS	International Association of Insurance Supervisors
ICI	Investment Company Institute
ICMA	International Capital Market Association
ICR	interest coverage ratio
IFAC	International Federation of Accountants
IFC	International Finance Corporation
IFCR	International Finance Centres Review
IFLR	International Financial Law Review
IFRS	International Financial Reporting Standards
IG	investment grade
IIFA	International Investment Funds Association
IIRA	Islamic International Rating Agency
IMDA	InfoComm Media Development Authority - Singapore
IMF	International Monetary Fund
Ind AS	Indian Accounting Standards
IORS	Inter-operable Regulatory Sandbox
IOSCO	International Organization of Securities Commissions
IPO	initial public offering
IRDA	Insurance Regulatory and Development Authority
ISA	Individual Savings Account
JBIC	Japanese Bank for International Cooperation
JFSA	Japan Financial Services Agency
JITA	The Investment Trusts Association of Japan
J-GAAP	Japanese Generally Accepted Accounting Principles
JMIS	Japan Modified International Standards
JPX	Japan Exchange Group
JSDA	Japan Securities Dealers Association
K-IFRS	Korean International Financial Reporting Standards
KFW	Kreditanstalt für Wiederaufbau (German Government-Owned Development Bank)
KODIT	Korean Credit Guarantee Funds
KOSPI	Korea Composite Stock Price Index
KPIs	key performance indicators
KRX	Korea Exchange
KWSP	Kumpulan Wang Simpanan Pekerja (Malaysian Employees Provident Fund)
LAC	Latin America and Caribbean
LFRS	Lao PDR Financial Reporting Standards
M&A	mergers and acquisitions
MAS	Monetary Authority of Singapore
METI	Ministry of Economy, Trade and Industry - Japan
MFRS	Malaysian Financial Reporting Standards
MOF	Ministry of Finance in Singapore
MOSTI	Ministry of Science, Technology and Innovation - Malaysia
MRANTI	Malaysian Research Accelerator for Technology and Innovation
MSCI EM Index	MSCI Emerging Markets Index
MSMEs	micro, small, and medium enterprises
MUFAP	Mutual Funds Association of Pakistan
NISA	Nippon Individual Savings Account
NTIS	National Technology and Innovation Sandbox
NPS	National Pension Service - Korea
OECD	Organisation for Economic Co-operation and Development
OIC	Office of Insurance Commission - Thailand
OJK	Otoritas Jasa Keuangan (Financial Services Authority of Indonesia)
PBOC	People’s Bank of China
PBR	price-to-book ratio
PDPC+	Personal Data Protection Commission - Singapore
PE	private equity
PEI	Private Equity International
PETs	privacy enhancing technologies
PFRS	Philippine Financial Reporting Standards
PIE	public interest entities
PIPE	Private Investment in Public Equity
PoC	Proof of Concept
PRF Code	Pooled Retirement Funds Code - Hong Kong
R&D	research and development
RBI	Reserve Bank of India
REITs	real estate investment trusts
SAK	Standar Akuntansi Keuangan (Indonesia’s Financial Accounting Standards)
SBV	State Bank of Vietnam
SC	The Securities Commission Malaysia
SEBI	Securities and Exchange Board of India
SEC	The United States Securities and Exchange Commission
SECP	Securities and Exchange Commission of Pakistan
SFC	Securities and Futures Commission of Hong Kong
SFRS	Singapore Financial Reporting Standards
SGX	Singapore Exchange
SITCA	Securities Investment Trust & Consulting Association of Chinese Taipei
SLB	sustainability-linked bond
SLFRS	Sri Lanka Financial Reporting Standards
SME	small and medium enterprise
SMERA	SME Rating Agency
SOE	state-owned enterprise
SPO	secondary public offering
SPT	sustainability performance target
S.R.O.	Statutory Regulatory Order - Pakistan
SAA	Strategic Asset Allocation
SSE	Shangai Stock Exchange
SSS	Social Security System - Philippines
T-IFRS	Taiwan International Financial Reporting Standards
TFRS	Thai Financial Reporting Standards
TSE	Tokyo Stock Exchange
TWSE	Taiwan Stock Exchange
UT Code	Unit Trusts and Mutual Funds Code - Hong Kong
VAS	Vietnamese Accounting Standards
VC	venture capital
VIR	Vietnam Investment Review
WEF	World Economic Forum
WIPO	World Intellectual Property Organization