Chinese stocks rallied near a seven-year high for the ninth consecutive day on Monday, with the benchmark Shanghai Composite Index surging by 1.95 percent to finish at 3687.73 points.
Singapore holds the highest rank among Asian economies on intellectual property; while China has improved its score in this area, according to an International Intellectual Property (IP) Index released by the U.S. Chamber of Commerce's Global Intellectual Property Center (GIPC) on Thursday.
Chinese shares closed lower on Monday as fluctuations in the financial markets of emerging economies dampened investor sentiment.
China's Hong Kong defended its status as the world's freest economy for the 20th consecutive year, announced by the 2014 Index of Economic Freedom report on Tuesday.
Though the gains on the last trading day of 2013 did not reverse the losing trend of the Chinese stock market in 2013, a rebound in 2014 is expected as the country deepens reforms.
U.S. stocks trimmed part of earlier losses in a narrowly fluctuating session Tuesday, as investors were awaiting the outcome of the Federal Reserve's two- day policy meeting due out Wednesday afternoon.
Chinese shares jumped on Tuesday as the country's securities regulator is reportedly delaying resumption of an initial public offering (IPO), easing investors' concerns over market liquidity.
Standard Charter said on Wednesday that it is doubtful over the future growth of emerging markets in the third quarter this year, given the ups and downs in stock market and unfavorable figures in those economies.