Momenta granted regulatory approval to list in Hong Kong amid rumoured crackdown (opens original article in a new tab)

Momenta Global Limited received regulatory approval for an IPO in Hong Kong, with the approval coming amid reports of tightened overseas listing rules for Chinese companies, as red-chip firms are being encouraged to issue H shares instead of using offshore entities.

• Momenta Global Limited received regulatory approval for an IPO in Hong Kong via a Cayman Islands entity
• The approval comes amid reports of tightened overseas listing rules for Chinese companies
• Red-chip firms are being encouraged to issue H shares instead of using offshore entities