Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 234

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 234
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ization); |

| ● | A global hub for RMB trading and business transactions, with 
 over US$1 trillion per day in RMB financial settlements; and |

| ● | Capital markets connectivity with RMB 52 billion in 
 daily investment quotas.                            |

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According to the 2021 China Private Wealth Report
published by China Merchants Bank, China’s individual investable assets reached RMB241 trillion (US$37 trillion) in 2020,
a compound annual growth of 13% from 2018 to 2020 and was expected to reach RMB268 trillion (US$42 trillion) by 2021. Meanwhile,
China’s high-net-worth population is estimated to reach 3 million by year end, with the scale of investable assets
exceeding RMB90 trillion (US$37 trillion).

A structural change to China’s high-net-worth population
has geared towards the younger generation, whose investment objectives are shifting from wealth preservation to wealth creation and asset
diversification. According to the 2021 China Private Wealth Report, almost 50% of respondents considered Hong Kong as their offshore
asset destination or entrepôt (a port destination where assets and goods are traded, imported, and exported).

Cross-Border Wealth Management Connect

On June 29, 2020, the People’s Bank
of China, the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macau jointly announced the introduction of the cross-boundary wealth
management connect pilot scheme (Wealth Management Connect scheme) in the GBA, which will allow residents in the GBA to invest in wealth
management products distributed by banks across the region. The scheme helps promote investment diversification and facilitate capital
flow within the GBA, promote RMB internationalization and strengthen Hong Kong’s status as an offshore RMB hub.

According to the implementation rules of the Wealth
Management Connect scheme published by The People’s Bank of China in September 2021, there will be an aggregate investment
quota of RMB150 billion in each of the “northbound Connect” and “southbound Connect” schemes, with an individual
investment quota up to RMB1 million. Recognized investment products under the “Northbound Scheme” include fixed income
(primarily bonds and deposits) and equity wealth management products, along with public securities investment funds with low or medium
risk rating. Complex investment products with high volatility or leverage are currently excluded. The scheme