Corporate Bond Markets in Asia
Annex A. Definition of growth companies in selected regions and jurisdictions
Jurisdiction |
Growth company / SME definition |
---|---|
Australia |
Definition by the Australian Bureau of Statistics:
Definition by the Corporations Act:
Definition by the taxation laws:
|
Bangladesh |
|
China |
|
Hong Kong (China) |
|
India |
|
Indonesia |
|
Japan |
|
Korea |
|
Lao PDR |
Meeting at least one of the following three criteria:
|
Malaysia |
|
Mongolia |
|
Pakistan |
SME definition: Meeting at least one of the following three criteria:
Growth company definition:
|
Philippines |
|
Singapore |
|
Chinese Taipei |
|
Thailand |
Small company:
Medium company:
|
Viet Nam |
Micro company:
Small company:
Medium company:
|
EU |
|
OECD |
|
Note: Cambodia and Sri Lanka do not have a definition for growth companies or SMEs. Local currencies are converted to USD using the exchange rate from Bloomberg and/or central banks on September 20, 2023.
Source: Australian Bureau of Statistics, Australian Taxation Office, Lao National Chamber of Commerce and Industry, SME Corporation Malaysia, Pakistan Stock Exchange, Philippine Statistics Authority, The Supreme People’s Court of the Socialist Republic of Viet Nam, European Commission, OECD statistics and OECD Survey on Access to Corporate Bond Markets for Growth Companies in Asia.