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Global Management Forum 2018

Hong Kong investor in Peach Aviation now aims to 'disrupt' banks

First Eastern CEO Victor Chu plans foray into Japanese fintech

First Eastern Investment Group’s Founding Chairman Victor L. L. Chu says he will remain as significant investor to the Japanese low-cost carrier. (Photo by Shihoko Nakaoka)

TOKYO -- The newest target for Hong Kong-based private equity firm First Eastern Investment Group is virtual banking -- not on its home turf, but in Japan and Europe.

The longtime, China-focused startup investor wants to shake up financial services for small businesses in much the same way it changed Japan's airline industry, possibly by bringing in Chinese capital, founder and Chairman Victor L.L. Chu told the Nikkei Asian Review on the sidelines of the Nikkei Global Management Forum on Nov. 6.

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