Weekly Industry News - China & Singapore: Legal, Regulatory and Compliance

China & Singapore – the latest on China’s clash with U.S on climate deal, Cross-border rules, Singapore’s property boom and more.

China’s National Property Registration Will Spook Corrupt Officials by Dexter Roberts Published on Bloomberg Business Week

Hot on the heels of the third plenum, China’s State Council has announced plans for a unified property registration system, a seemingly simple measure, but one that is expected to create great consternation among corrupt officials…

[ Read More ]

China Clashes With U.S., EU on Roles in New Climate Deal by Alex Morales & Ewa Krukowska Published on Bloomberg

China clashed with the U.S. and European Union over the commitments each should take in a new climate change agreement that envoys aim to reach by 2015.The deal should operate under rules dating back to 1992 that set a clear division between the obligations of industrial and developing nations, Chinese Environment Minister Xie Zhenhua told delegates at United Nations climate talks in Warsaw. The U.S. and EU want to step away from that division…[ Read More ]

Cross-border sales rules create Asia structured product compliance headache by Alex Davis Published on Risk.net

Asia’s structured product providers should be happy with 2013. The rising Nikkei has acted as a catalyst for uradashi sales in Japan – Société Générale reported volumes on its Nikkei-linked products of $17.5 billion in August versus $16 billion for the whole of 2012. Similarly at a regional level OCBC reported rapid growth in simple callable interest rate structures from May onwards… [ Read More ]

Singapore Property Boom Fuels Malaysia Spillover Bubble by Pooja Thakur Published on Bloomberg

Chris Metcalf commutes for 45 minutes to Singapore each day from Iskandar, a region just over the border in Malaysia, to work as a lawyer at Clyde & Co LLP.

“It’s too expensive to live in Singapore,” said Metcalf, who moved across the Johor Strait in June after finding he could no longer afford the island-state on a local salary and with four children. “We’re selling a house in the U.K. and when we do we’ll consider buying in Malaysia because it’s definitely better value.”[ Read More ]