# EDGAR Filing Document

**Accession Number:** 0001957489
**File Stem:** 0000000000-23-002283
**Filing Date:** 2023-3
**Character Count:** 11023
**Document Hash:** b6fa96c55dcb8cc6e65b25288a8545fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002283.hdr.sgml**: 20230808

**ACCESSION NUMBER**: 0000000000-23-002283

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230308

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Able View Global Inc.
- **CENTRAL INDEX KEY:** 0001957489
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-NONSTORE RETAILERS [5960]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 511 WEIHAI ROAD
- **STREET 2:** ROOM 1803
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200041
- **BUSINESS PHONE:** 86-185-0177-0425

**MAIL ADDRESS:**
- **STREET 1:** 511 WEIHAI ROAD
- **STREET 2:** ROOM 1803
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200041
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-22-082679

## Text-Extract

```

United States securities and exchange commission logo

                             March 8, 2023

       Jing Tang
       Chief Financial Officer
       Able View Global Inc.
       Room 1803, Shanghai International Building
       511 Weihai Road, Jing   an District
       Shanghai
       China

                                                        Re: Able View Global
Inc.
                                                            Amendment No. 1 to
Draft Registration Statement on Form F-4
                                                            Submitted February
10, 2023
                                                            CIK No. 0001957489

       Dear Jing Tang:

             We have reviewed your amended draft registration statement and
have the following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 1 to Draft Registration Statement on Form F-4 Submitted
February 10, 2023

       Cover Page

   1.                                                   We note your response
to comment 3 and reissue in part. We acknowledge the added
                                                        disclosure to the body
of the registration statement; however, please also include on the
                                                        cover page a discussion
of the laws and regulations in Hong Kong, as well as the related
                                                        risks and consequences.
An example of such location-specific regulations that should be
                                                        discussed includes:
                                                            Enforceability of
civil liabilities in Hong Kong;
                                                            China's Enterprise
Tax Law;
 Jing Tang
Able View Global Inc.
March 8, 2023
Page 2
                Regulatory actions related to data security or anti-monopoly
concerns in Hong Kong
              and its potential impact on your ability to conduct business,
accept foreign investment
              or list on a U.S./foreign exchange; and
                Risk factor disclosure explaining whether there are
laws/regulations in Hong Kong
              that result in oversight over data security, how this oversight
impacts the company   s
              business and the offering, and to what extent the company
believes that it is
              compliant with the regulations or policies that have been issued.
Permissions and Approvals, page 15

2.       We note your indication that the PRC subsidiaries are not required to
obtain any
         permission or approval from the CSRC and CAC for the business
operations within the
         territory of PRC. Explain the basis for this conclusion, especially
considering your
         disclosure on page 66 suggests that you have sought approval from the
Cybersecurity
         Review Office as to whether a cybersecurity review is required. In
this regard, we note
         that you do not appear to have relied upon an opinion of counsel with
respect to your
         conclusions that you do not need any additional permissions and
approvals to operate your
         business and to offer securities to investors. If true, state as much
and explain why such an
         opinion was not obtained.
3.       As a related matter, we note that the CSRC has recently announced
regulations that will
         take effect March 31 that outline the terms under which China-based
companies can
         conduct offerings and/or list overseas. Revise your disclosure to
reflect these events and
         how the regulations apply to you and your ability to operate and offer
securities.
Interests of HMAC's Sponsor, Directors and Officers in the Business
Combination, page 21

4.       We note your response to comment 17, and reissue in part. We note your
new disclosure
         "the Sponsor and HMAC   s officers and directors and their affiliates
have not had any
         unpaid reimbursable expenses." Please clarify that this indicates that
none of HMAC's
         expenses, whether paid or unpaid, have been reimbursed.
Summary of Risk Factors, page 24

5.     We note your response to comment 5 and reissue in part. Please amend
your disclosure in
       the summary risk factors section to state that, to the extent cash in
the business is in the
       PRC/Hong Kong or a PRC/Hong Kong entity, the funds may not be available
to fund
FirstName LastNameJing Tang
       operations or for other use outside of the PRC/Hong Kong due to
interventions in or the
Comapany    NameAble
       imposition      View Global
                  of restrictions andInc.
                                      limitations on the ability of you or your
subsidiaries by the
March PRC    government
       8, 2023 Page 2 to transfer cash.
FirstName LastName
 Jing Tang
FirstName
Able View LastNameJing
            Global Inc. Tang
Comapany
March      NameAble View Global Inc.
       8, 2023
March3 8, 2023 Page 3
Page
FirstName LastName
Questions and Answers About the Proposals, page 28

6.       It appears the total fully diluted shares outstanding amounts under
all redemption
         scenarios presented on page 36 only include shares from potential
sources of dilution.
         Please revise to include all potential Pubco Ordinary Shares
outstanding upon the closing
         of your Business Combination Transactions.
7.       Please tell us how you determined the total pro forma equity value
amounts under all
         redemption scenarios disclosed on page 37.
Did the HMAC's board of directors obtain a fairness opinion in determining
whether to proceed
with the Business Combination?, page 34

8.       We note your response to comment 11. In addition and as a related
matter, in an
         appropriate place in your filing please disclose the compensation paid
to CHFT in
         connection with this valuation opinion. Additionally, please disclose
whether CHFT was
         retained to provide any additional services, the related fees, and
whether those fees are
         conditioned upon the completion of the transaction.
Risks Related to Doing Business in the People's Republic of China
Restrictions on currency exchange may limit our ability to utilize our revenue
effectively., page
83

9.       We note your updated disclosure in this risk factor to address that
funds in the PRC/Hong
         Kong may not be available for use outside of the PRC/Hong Kong. Please
update the risk
         factor heading to better reflect both the currency exchange risk and
capital movement risk.
Background of the Business Combination, page 129

10.      We note your response to comment 30 and reissue in part. We
acknowledge the addition
         of detailed disclosure describing the valuation negotiation between
Able View and
         HMAC. However, please add additional detail explaining the basis for
HMAC   s belief
         that Able View   s new brand management business would grow at a
faster pace than the
         speed of growth previously experienced.
Summary of Financial Projections, page 135

11.      We note your response to comment 33 and reissue in part. We
acknowledge the addition
         of some details to the section; however, please provide in greater
detail the material
         underlying assumptions, estimates, and bases for the projections. For
example, explain
         how the addition of over 2 new brand partners translate into the
revenue growth depicted
         here.
Unaudited Pro Forma Combined Financial Information, page 159

12.      It appears that you provide an unaudited pro forma balance sheet as of
June 30, 2022 and
         a pro forma statement of operations for the six months ended June 30,
2022 in accordance
 Jing Tang
Able View Global Inc.
March 8, 2023
Page 4
      with Item 8 of Form 20-F. Please revise your disclosure to reflect the
correct periods for
      your pro forma financial information.
Business of Able
Omni Channel Operations, page 196

13.   We note your response to comment 40 and reissue. The additional
disclosure accounting
      for percentage of total revenue per channel seems to account for over
100% of total
      revenue. For example, the combined percentage of total revenue for each
channel in the
      year ended December 31, 2020, adds up to 102% of total revenue. Please
clarify this
      discrepancy.
Overall Economic and Political Conditions, page 203

14.   We note your response to comment 42 and reissue in part. Please update
your disclosure
      to identify actions planned or taken, if any, to mitigate inflationary
pressures.
       You may contact Suying Li at 202-551-3335 or Rufus Decker at
202-551-3769 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Nicholas Nalbantian at 202-551-7470 or Mara Ransom at 202-551-3264 with
any other
questions.

                                                           Sincerely,
FirstName LastNameJing Tang
                                                           Division of
Corporation Finance
Comapany NameAble View Global Inc.
                                                           Office of Trade &
Services
March 8, 2023 Page 4
cc:       Elizabeth Chen
FirstName LastName

```

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