IVSC Asia was launched in July 2022 as a hub for the development and advancement of International Valuation Standards and the global valuation profession throughout the continent. Part-funded by government and the private sector, IVSC Asia is leading efforts to build confidence in valuation, supporting the continued economic development of the region and promoting stable financial markets in the public interest.
Asia is the fastest growing economic region in the world and a home to 60% of the world’s population. By 2030, the continent is predicted to have four of the top five fastest growing economies in the world – China, Vietnam, Indonesia and India – according to Harvard University Growth Lab projections.
As the region has grown, so too has its role as an international hub for business and investment. Asia is home to a number of cross-border trade blocs encompassing its 48 countries as well as others throughout the world. This includes the Association of Southeast Asian Nations (ASEAN), a central platform for cooperation and unity in Asia; the Gulf Cooperation Council (GCC), a regional intergovernmental political and economic union; and the world’s largest trading bloc, the Regional Comprehensive Economic Partnership (RCEP), which covers nearly half the global economy.
The global and interconnected nature of Asia’s economy highlights the importance of internationally-agreed valuation standards. Consistent standards support cross-border trade and investment, foster transparency and promote financial stability.
IVSC Asia will lead the standard-setter’s activities in the region, including providing a central point for Asia-wide dialogue and collaboration on valuation issues; organising and supporting thought leadership events and publications with a focus on valuation topics of interest in Asia; and as a conduit for engagement with governments and regulators regarding the implementation of International Valuation Standards.
IVSC Asia is being supported by leading Asian and global entities, all of which share a commitment to advancing international standards and best practice in valuation. These organisations are recognised for their leadership in this arena as ‘members’ and ‘founding sponsors’ of IVSC Asia.