Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 41

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 41
---
 business by China Banking
and Insurance Regulatory Commission and other relevant agencies, and (ii) overseas financial institutions regulated by competent
regulatory authorities in their relevant jurisdictions such as Hong Kong. On February 17, 2015, the PRC State Council, or the
State Council, promulgated the Deposit Insurance Regulation, which became effective on May 1, 2015. The Deposit Insurance
Regulation requires that banks registered within China shall provide insurance premises to the deposit insurance fund management organization.
However, pursuant to the Deposit Insurance Regulation, the insurance provided by the banks has a coverage limit of RMB500,000 (US$68,500).
In Hong Kong, the Deposit Protection Scheme (the “ Scheme”) was introduced in 2006 under the Deposit Protection Scheme Ordinance
(Chapter 581 of the Laws of Hong Kong) to protect depositors by paying them compensation in the event of the failure of a bank which is
a member of the Scheme. A depositor is entitled to be compensated up to a maximum of HK$500,000. Most of the commonly placed deposits
with Scheme members, whether denominated in Hong Kong dollar, renminbi or any other currency, qualify for this protection. These include
current accounts, savings accounts, secured deposits and time deposits with maturity not exceeding five years.

Nevertheless, any deterioration of financial soundness
of these banks or financial institutions or any failure of such deposit insurance to fully cover our bank deposits would cause credit
risks to our cash and cash equivalents placed with them and thus could have a material adverse effect on our financial conditions, business
and results of operations.

A severe or prolonged downturn in the global
or Chinese economy or tensions in the relationship between China and other countries could materially and adversely affect our business
and our financial condition.

Recently, there have been strained relationships
between China and other countries, including surrounding Asian countries, which may potentially lead to foreign investors closing down
their business or withdrawing their investment in China and thus exiting the China market, and other economic effects. In addition, there
have been concerns on the relationship between China and the U. S. following rounds of tariffs imposed by the U. S and retaliatory
tariffs imposed by China. Trade tension between China and the United States may intensify. Political tensions between the United States
and China have escalated since the COVID-19 outbreak and the PRC National People’s Congress’ passage of Hong Kong national
security legislation, the imposition of U. S. sanctions on