ASIFMA

What ASIFMA does

ASIFMA (Asia Securities Industry & Financial Markets Association) is an independent, regional trade association founded in 2006 and headquartered in Hong Kong, with a regional office in Singapore. It represents over 150 member firms spanning the sell side (J.P. Morgan, Citi, Goldman Sachs, Morgan Stanley, HSBC, BNP Paribas, Deutsche Bank), the buy side (BlackRock, State Street, CICC), professional services firms, and market infrastructure providers (HKEX, SGX). The organization is an independent member of the GFMA alliance alongside SIFMA (US) and AFME (Europe), giving it cross-jurisdictional reach into US, European, and Asian regulatory and market-structure discussions.

ASIFMA monetizes through three primary streams: recurring annual membership fees across three categories (Asset Managers, Financial Institutions, Non-Financial Institutions); recurring training and education revenue from the Training Series (Season 6 in 2026 with 12 monthly virtual sessions at USD 425–535 per full series, plus bulk and corporate licenses); and event-based conference registration fees for the Annual Conference, the Future of Liquidity Conference (launched 2026), and co-hosted events. The GTM motion is sales-led and event-driven: members are recruited through board-level participation and division-specific committees, while conferences and the Training Series serve as engagement and acquisition touchpoints. Sub-brands include Women in Finance Asia (WiFA), founded in 2009 as an ASIFMA Sub-Committee and now exceeding 900 members.

The association's products are predominantly non-technological: policy papers, consultation responses, industry surveys (the annual Asia Pacific Capital Markets Survey with KPMG), and research publications covering digital money, T+1 settlement readiness, DLT impact, sustainable finance, and taxonomy. ASIFMA's underlying technology footprint is light; differentiation rests on its 20-year brand, regulator relationships across CSRC/SFC/SEBI/MAS/HKMA/CBIRC/ASIC, documented advocacy outcomes (CBIRC close-out netting, SFC ESG fund disclosure, SEBI T+1 phased approach), and the GFMA alliance — assets that competitors cannot replicate quickly.

Name

ASIFMA

Legal name

Asia Securities Industry and Financial Markets Association Limited

Website

https://asifma.org

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

ASIFMA is an independent, Hong Kong–based regional trade association with over 150 member firms spanning sell-side banks, asset managers, professional services firms, and market infrastructure providers, advocating for liquid and efficient Asian capital markets through policy engagement, training, conferences, and research.

Ownership category

akta.pro rank

Product category

Financial Trade Association Services

NAICS

Business Associations (813910), Business Associations (81391), Professional Organizations (813920)

SIC

Services-Membership Organizations (8600), Services-Educational Services (8200)

akta.pro primary industry

Technical Committees, Working Groups & Expert Panels (BPADANAB)

Keywords

• Capital markets association
• Industry advocacy
• Financial services membership
• Regulatory consulting
• Professional training

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Membership Fees: ASIFMA generates revenue through membership fees from financial institutions including banks, asset managers, professional services firms, and market infrastructure providers. Membership categories include Asset Managers, Financial Institutions, and Non-Financial Institutions.
2. Training Series Enrollment: The organization conducts educational training series (Season 6 with 12 sessions from January-December 2026) with enrollment fees: USD425 for members and USD535 for non-members for the full series; single sessions available for USD85-110. Bulk registration discounts offered for 10+ participants.
3. Conference Registration Fees: Revenue from industry conferences and events including The Future of Liquidity in Asia Pacific Capital Markets Conference (USD 300-340 for members/non-members), HKIFA Annual Conference, and other regional events.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

ASIFMA is an independent, regional trade association providing industry advocacy, regulatory consultation, and member services for over 150 financial institutions across Asian capital markets. Its core offerings include membership programs for buy-side and sell-side firms, policy advocacy to regulators, industry research publications, professional training series, and convening conferences on capital markets topics.

Product overview

ASIFMA (Asia Securities Industry & Financial Markets Association) is an independent, regional trade association with over 150 member firms comprising financial institutions from both buy and sell side. Rather than a single unified product, ASIFMA offers a portfolio of member services including: the ASIFMA Training Series (Season 1-6 and China Edition) providing monthly interactive educational sessions on Asian financial markets topics; conferences including the Annual Conference and The Future of Liquidity conference; and research publications covering capital markets surveys, digital money, sustainable finance, T+1 settlement readiness, DLT impact, and taxonomy. Additionally, ASIFMA hosts the Women in Finance Asia (WIFA) initiative. The association also provides consultation responses, resources, and advocacy on regulatory matters affecting Asian capital markets.

Differentiator

Problem solved

Functional benefit

Brands

• Women in Finance Asia (WiFA): Founded in 2009 as a Sub-Committee of ASIFMA, WiFA has broadened its scope to encompass various financial backers and has grown to over 900 members, both women and men, in finance-related roles.

Products and services

• ASIFMA Training Series (Season 6)
• ASIFMA Training Series China Edition
• The Future of Liquidity in Asia Pacific Capital Markets Conference
• ASIFMA Annual Conference 2027
• The Role of Digital Money in Capital Markets (Research Publication) GFMA report examining tokenized deposits, wholesale CBDCs, and stablecoins in capital markets, highlighting regulatory, infrastructure, and governance challenges for digital money adoption.
• ASIFMA 2026 Asia Pacific Capital Markets Survey Annual survey providing insights on Asia-Pacific capital market developments, conducted in partnership with KPMG. The 2026 edition covered 34 firms on Asia-Pacific expansion plans and found approximately two-thirds plan to expand their Asia-Pacific business over the next three years.
• Eyes Wide Open: APAC Market Readiness for T+1 Settlement Analysis of Asia-Pacific market readiness for the T+1 equity settlement cycle implementation, providing a balanced view of operational and regulatory considerations for the industry.
• The Impact of Distributed Ledger Technology in Capital Markets Research report on DLT applications and implications for capital markets.
• Women in Finance Asia (WiFA) Sub-Committee founded in 2009 supporting women in finance-related roles, currently with more than 900 members across both women and men in the financial industry.

Quantifiable outcome

• CBIRC issued notice clarifying enforceability of close-out netting for OTC derivative transactions following ASIFMA advocacy
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

19 partnerships are on record, tiered core, major and supporting.

• GFMA (Global Financial Markets Association)coreStrategic or Co-development PartnerASIFMA is an independent member of the GFMA alliance, which brings together regional trade associations to address issues with global implications. Through GFMA, ASIFMA provides insights on global best practices and standards to benefit the Asian region. GFMA comprises ASIFMA, SIFMA (US), and AFME (Europe).
• SIFMA (Securities Industry and Financial Markets Association)coreStrategic or Co-development PartnerPart of the GFMA global alliance. SIFMA represents the common interests of the US financial industry and works with ASIFMA and AFME on global market issues affecting capital markets.
• AFME (Association for Financial Markets in Europe)coreStrategic or Co-development PartnerPart of the GFMA global alliance. AFME advocates for stable, competitive, sustainable European financial markets and collaborates with ASIFMA and SIFMA on global regulatory and market issues.
• KPMGmajorStrategic or Co-development PartnerASIFMA and KPMG jointly conduct the annual Asia Pacific Capital Markets Survey, surveying global financial firms on expansion plans, market sentiment, and regulatory trends. The 2026 survey covered 34 firms on Asia-Pacific expansion.
• Ashurst LLPmajorStrategic or Co-development PartnerGlobal law firm Ashurst advised four major financial trade associations (GFMA, ASIFMA, SIFMA, and AFME) on producing a comprehensive report on digital money in capital markets, examining tokenized deposits, wholesale CBDCs, and stablecoins.
• GFMA Digital Money Report PartnersmajorStrategic or Co-development PartnerThe GFMA digital money report was supported by technical advisors Arktouros (handling US law matters) and Ashurst (covering UK, EU, Hong Kong, and Singapore), representing a cross-jurisdictional collaboration.
• EuroclearmajorStrategic or Co-development PartnerCo-organizer of the Asia Collateral Conference 2025 alongside Treasury Markets Association (TMA), Financial Services Development Council (FSDC), supported by ASIFMA and PASLA.
• Treasury Markets Association (TMA) Hong KongmajorStrategic or Co-development PartnerCo-organizer of the Asia Collateral Conference 2025 alongside Euroclear, FSDC, with ASIFMA and PASLA as supporting organizations.
• Financial Services Development Council (FSDC) Hong KongmajorStrategic or Co-development PartnerCo-organizer of the Asia Collateral Conference 2025, contributing to Hong Kong's financial services development initiatives.
• PASLA (Pan Asia Securities Lending Association)supportingStrategic or Co-development PartnerSupporting organization for the Asia Collateral Conference 2025, representing securities lending professionals across Asia Pacific.
• Gold Sponsors (BNY, Broadridge, Euroclear, IMC Trading, Jane Street, State Street)majorGTM or Marketing PartnerGold sponsors for The Future of Liquidity in Asia Pacific Capital Markets Conference including BNY, Broadridge, Euroclear, IMC Trading, Jane Street, and State Street.
• IOSCO APRCmajorStrategic or Co-development PartnerASIFMA Annual Conference 2027 in Bangkok will be hosted back-to-back with the 2027 IOSCO APRC Meeting, hosted by the Thai SEC.
• Women in Finance Asia (WiFA)supportingStrategic or Co-development PartnerFounded in 2009 as a Sub-Committee of ASIFMA, WiFA has broadened its scope to encompass various financial backers and reach a wide spectrum of women in finance-related roles with more than 900 members.
• ASIC (Australian Securities and Investments Commission)supportingStrategic or Co-development PartnerASIC Chair Joe Longo delivered keynote at ASIFMA annual conference in Sydney, calling on Asia-Pacific region to act collectively on financial innovation. ASIC completed review of its Innovation Hub supporting fintech and regtech businesses.
• Hong Kong Investment Funds Association (HKIFA)supportingGTM or Marketing PartnerASIFMA serves as supporting organization for HKIFA 19th Annual Conference, offering exclusive special rates for members to attend the flagship fund management industry event.
• Hong Kong Institute of Bankers (HKIB)supportingGTM or Marketing PartnerASIFMA is a supporting organization for HKIB Annual Banking Conference 2026, offering exclusive special rate for members to attend.
• ReThink HKsupportingGTM or Marketing PartnerASIFMA is a Supporting Organisation for ReThink HK 2026, Asia's Hub for Climate Action & Sustainable Business Solutions, offering exclusive Early-Bird delegate rate with promo code.
• WBR Singapore (InvestOps Asia 2026)supportingGTM or Marketing PartnerASIFMA is proud to endorse the InvestOps Asia Summit 2026, bringing together senior buy-side investment operations leaders across Asia.
• ETFGIsupportingGTM or Marketing PartnerASIFMA supports the 7th Annual ETFGI Global ETFs Insights Summit - Asia Pacific, with ASIFMA members eligible for free registration and early bird discounts.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ISDA (International Swaps and Derivatives Association): ISDA is the global derivatives industry association with strong APAC presence and joint advocacy with ASIFMA on issues like SEBI's T+1 timeline. It overlaps with ASIFMA's Fixed Income and Equities/Post-Trade divisions on OTC documentation, margining, and market infrastructure.
• GFMA (Global Financial Markets Association): GFMA is the parent alliance body that ASIFMA sits within alongside SIFMA and AFME. While GFMA operates as the global coordinating entity rather than a competing regional association, it shares governance, joint research output, and overlapping leadership with ASIFMA.
• AFME (Association for Financial Markets in Europe): AFME is the European counterpart to ASIFMA within the GFMA alliance, representing a broad cross-section of wholesale financial market participants. The two associations co-produce research (e.g., the GFMA Digital Money report) and share advocacy positions on cross-border regulatory issues.
• SIFMA (Securities Industry and Financial Markets Association): SIFMA is the US national securities industry trade association and ASIFMA's GFMA alliance partner. Both serve the same fundamental role — collective advocacy, research, and education for capital markets participants — but in different geographies, with overlapping global bank membership.
• ICI Global (Investment Company Institute): ICI Global represents regulated investment funds globally and engages on Asia-Pacific fund distribution, ESG, and regulation. ASIFMA's Asset Management Group (AAMG) addresses similar buy-side regulatory concerns from a regional perspective.

Regional players

• Australian Financial Markets Association (AFMA): AFMA is Australia's national financial markets association, with overlapping membership of global banks and shared focus on market structure and policy advocacy. ASIFMA's Rishi Kapoor previously led AFMA policy, illustrating personnel and agenda overlap.
• JSDA (Japan Securities Dealers Association): JSDA is the Japanese national trade association for securities dealers and a natural regional peer for ASIFMA. While ASIFMA's remit is pan-Asian, JSDA focuses specifically on Japan market structure, regulation, and self-regulatory functions.
• HKIFA (Hong Kong Investment Funds Association): HKIFA is the Hong Kong fund management industry association with which ASIFMA partners on the HKIFA Annual Conference. It overlaps with ASIFMA's AAMG on buy-side issues but focuses specifically on Hong Kong-domiciled funds and distribution.
• Treasury Markets Association (TMA): TMA is the Hong Kong-based industry association for treasury and fixed income market participants. It co-organizes events with ASIFMA (e.g., Asia Collateral Conference) and serves overlapping institutional members with a more specialized treasury/fixed income focus.
• PASLA (Pan Asia Securities Lending Association): PASLA is the Asia-Pacific securities lending industry association, co-organizing conferences with ASIFMA (e.g., Asia Collateral Conference). It operates as a specialized regional peer focused on a narrower product vertical within ASIFMA's broader scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ASIFMAnews
• LinkedInlinkedin.com/company/488767

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about ASIFMA