Ba Shusong

PBOC Switch to Drain Cash Turns Citigroup Bearish

The People’s Bank of China’s first draining of cash since June, seeking to damp a property-market revival, is prompting Citigroup Inc. to predict one-year yields will rise faster than longer-term rates.

China Increases Interest Rates to Curb Its Fastest Inflation in Two Years

China raised interest rates for the second time since mid-October to counter the fastest inflation in more than two years and more moves may follow.

Greater China Daybook: China May Buy More Europe Bonds; Chalco Profit Drop

China is open to buying more bonds of indebted euro-area nations as part of a strategy to bolster the European Union economy and diversify away from investments in U.S. debt, China’s ambassador to the EU, Song Zhe, said.

China State Researcher Sees Little Room to Raise Rates, Securities Reports

China has little room to raise interest rates, said Ba Shusong, deputy director-general of the Financial Research Institute at the State Council’s Development Research Center, according to the Shanghai Securities News.

Regulators May Use Capital Rules to Cool China's Property, Securities Says

China may use capital requirements for developers as a policy tool to cool the property market, Ba Shusong, deputy directory general of the State Council’s Development Research Center, told Shanghai Securities News in an interview.

China Swaps Halt Three-Day Decline on Economic Recovery Optimism

China’s interest-rate swaps halted a three-day slide on optimism that government measures to spur spending are quickening a recovery in the world’s second-largest economy.

China Stocks Advance For Second Day; Commodity Producers, Developers Gain

China stocks rose for a second day after U.S. reports showed employment and consumer sentiment improved, boosting confidence in a global economic recovery and driving commodity prices higher.

China’s ‘Sunshine’ Trusts Avoid Global Hedge-Fund Malaise to Triple Assets

Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation, as the property market cools, stocks slump and bank-deposit rates fail to match inflation.

State Economist Sees China Fourth Quarter Growth About 8%, Business Says

China’s fourth-quarter economic growth could be at about 8 percent, China Business News reported today, citing Ba Shusong, deputy head of the financial institute of the State Council’s Development Research Center.

State Researcher Sees Property Bubble in Large Chinese Cities, Daily Says

Property bubbles exist in some of China’s large cities, the People’s Daily reported today, citing Ba Shusong, deputy head of the financial institue of the State Council’s Development Research Center.

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European Stocks Rise as Earnings Offset German Confidence

Jolie Has Double Mastectomy to Thwart Cancer Gene Risk

Pentagon Said to Furlough Up to 650,000 Civilian Workers

CIA Spy Caught in $1 Million Recruitment Sting, Russia Says

S&P 500 Rises on U.S. Optimism While Metals Fall on China