Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 203

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 203
---
 potential
impact of adopting this guidance on financial statements requirements and does not expect the adoption to have a material impact.

The Company does not believe the above referenced
recently issued but not yet effective accounting standards, if currently adopted, would have a material impact on its the consolidated
financial position, statements of operations and comprehensive (loss) income and cash flows.

F-19

ABLE VIEW GLOBAL INC.

2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES(cont.)

Significant
risks and uncertainties

1) Credit risk

Assets that potentially subject the Company to
significant concentration of credit risk primarily consist of cash and cash equivalents, accounts receivable and amounts due from related
parties. The maximum exposure of such assets to credit risk is their carrying amount as at the balance sheet dates. As of December 31,
2024, the Company held cash and cash equivalents of $15,331,271, among which $11,936,600were deposited in financial institutions located
in Hong Kong, $3,350,949were deposited in financial institutions located in Mainland China, and the remaining were deposited in
Singapore and the United States. Each bank account in Mainland China is insured by the government authority with the maximum limit of
RMB500,000(equivalent to approximately $68,500), while the bank accounts in Hong Kong, are not insured. To limit exposure to credit
risk relating to deposits, the Company primarily place cash and cash equivalent deposits with large financial institutions in the PRC
and Hong Kong which management believes are of high credit quality and the Company also continually monitors their credit worthiness.

The risk with respect to accounts receivable and
amounts due from related parties is mitigated by credit evaluations the Company performs on its customers and its ongoing monitoring processes
of outstanding balances.

Most of the Company’s operations are carried
out in Hong Kong, while partial of the Company’s business is conducted in mainland China. As mainland China government has
exerted more oversight in Hong Kong, the Company’s business, financial condition and results of income may be influenced by the
political, economic and legal environments in the PRC as well as by the general state of the PRC’s economy. In addition, the Company’s
business may be influenced by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency
conversion and remittance abroad, rates and methods of taxation among other factors.

2) Foreign currency
risk

Substantially all of the