Momenta granted regulatory approval to list in Hong Kong amid rumoured crackdown

Momenta, a leading self-driving technology start-up in China, has become the latest domestic firm to receive regulatory approval from Beijing for listing in Hong Kong under an entity incorporated offshore. The nod comes over four months after the last green light given to an applicant with a similar structure. The vetting of firms organised in this manner was reportedly tightened to prevent asset outflows. Momenta Global Limited, an entity the start-up used to apply for an initial public...