China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

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March 2004

Chau Ma Yu

by Peter Koh

Private investor


More on Chua Ma Yu:

Home grown talent gears
up for big deals

Chua Ma Yu is perhaps the most influential individual investor in Malaysia. He is a one-man institution whose every investment is watched by the market that he knows inside out. With only his own wealth to worry about, he is far bolder than other institutions. If he believes in a company he invests heavily in it, but never buys more than 5% ? his concession to risk management.

An accountant by training, Chua is best known for co-founding with Rashid Hussain the highly successful Rashid Hussain Securities (now RHB Securities) in 1983.

Modest beginnings

When Chua started his career in 1975 in the back office of GP Securities (now part of Public Bank), as a financial controller, stock quotes were written on a black board with...


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