Core Viewpoint - Chinese autonomous driving developer Momenta has confidentially filed for an initial public offering (IPO) in Hong Kong, shifting from its previous plans to list in New York due to rising U.S.-China tensions [1][2]. Company Summary - Momenta is a leading Chinese supplier of advanced driving assistance system features, comparable to Tesla's self-driving technology, which operates under human supervision in urban traffic [4]. - The company is backed by notable investors, including Japan's Toyota Motor and German auto parts supplier Bosch [3]. Industry Summary - The Hong Kong stock exchange has experienced its best year for new listings since 2021, raising a total of $32 billion by mid-November, which represents an increase of over 200% compared to the previous year [4]. - The shift of companies like Momenta to Hong Kong reflects a broader trend among Chinese firms opting for listings in Asia amid regulatory challenges in the U.S. [2].