Professor Ba Shusong is Managing Director and Chief China Economist of Hong Kong Exchanges and Clearing Limited (HKEX), Chief Economist of the China Banking Association (CBA) and Executive Director of the HSBC Financial Research Institute at Peking University. He is also a member of the Mainland Opportunities Committee of the Financial Services Development Council (FSDC) of Hong Kong, Vice President of the China Society of Macroeconomics, a member of Ministry of Commerce's Economic and Trade Policy Advisory Committee, a member of China Banking and Insurance Regulatory Commission’s Expert Guidance Committee for the banking industry’s implementation of the new Basel capital accord, a member of China Securities Regulatory Commission’s M&A Specialists Committee, and a member of China’s “13th Five-Year Plan” National Development and Planning Specialists Committee.
Professor Ba is a fellow of experts who receive the State Council’s special allowance. He was previously Deputy General Manager of the Bank of China Hangzhou Branch, Assistant General Manager of Bank of China (Hong Kong), Director-General of the Strategy and Development Committee of the Securities Association of China, Deputy Director of the Economics Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, and Deputy Director-General of the Financial Research Institute of the State Council's Development Research Centre. He was engaged in post-doctoral research in the China Center for Economic Research at Peking University and was a senior visiting scholar at Columbia Business School. He also served as the chief expert in the basic research field of "International Economic and Financial Structure" in Development Research Center of the State Council. Professor Ba was awarded by China’s Social Science Assessment in 2017 as the Chinese scholar with the highest citation frequency in Chinese literature on economics during the period from 2006 to 2015.
Professor Ba had lectured as a main speaker to members of the Political Bureau of the Central Committee of the Communist Party of China. He possesses rich practical experience and research achievements in the fields of the Basel capital accord and risk management, and modern-times exchanges and capital markets. His publications include (bilingual) “Mutual Market Connectivity and Hong Kong Market Innovations for New-Economy Financing” (elected one of the 2019 “Yicai – J.P. Morgan Financial Books of the Year”), “Bond Connect Scheme ― New Strategy for Internationalisation of China’s Bond Market”, “New Progress in RMB Internationalisation ― Innovations in HKEX’s Offshore Financial Products”; and (in Chinese) "Research on New Basel Capital Accord", "Basel II in Financial Crisis: Challenges and Improvements", “Study on Basel Capital Accord III”, “Basel III and Financial Regulatory Reform”.
Professor Ba is responsible for policy and business research for HKEX Group and has participated in the business projects of Bond Connect and Shenzhen-Hong Kong Stock Connect. He actively organises and promotes the interactions of HKEX with Mainland regulatory authorities and related central and local government departments, and the company’s cooperation with various financial institutions and enterprises in the Mainland. He is also actively engaged in professional exchanges with universities, research institutes and financial institutions in the Mainland and overseas.