Asia Region Funds Passport, a report prepared by PwC and the Australian based Financial Services Council, incorporates the views of leading funds management industry bodies and participants across the Asia region. This report is based on a survey conducted in September and October 2010, together with other research and analysis. Respondents to the survey were from industry bodies, a wide range of organizations operating in the industry and member firms of the PwC network throughout the Asia region. The survey questions covered the opinions and attitudes of market participants and industry bodies and sought to collect factual information about the regulatory and operating environment in each jurisdiction. Survey responses were received from Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan and Thailand.
The survey has resulted in more than eighty per cent of industry bodies and market participants surveyed endorse the development of an Asia Region Funds Passport. This is because the establishment of the Asia Region Fund Passport is considered to be important to the growth and prosperity of the region’s funds management industry and in turn its ability to support growth across the region. The economic and demographic fundamentals of the Asia region support the view that it will be the future growth engine of the global funds management industry. The region accounts for USD2.757 trillion, or 13 per cent, of global funds under management but nearly two-thirds (60 per cent) of the world's population.