Shein shifts focus from London to Hong Kong for listing

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Shein is considering the movement of London for Hong Kong as the location of its long -planned stock market list, 18 months after the starting gun was dismissed in the flotation process.

According to the two familiar with the issue after floating in London, the Fast-Fashion Group is focusing on Hong Kong as its favorite list venue. However, no decision has been made, the people have warned.

Shein first planned to become universal in New York in late 2021, but was introduced to the UK after leaving by the US Securities and Exchange Commission.

However, a man has contributed to possible change in the nomination of Shane, related to the language of the politically sensitive Xinjiang region, to inform the company’s procusing factors between Chinese and UK controluses. Most Shaine’s supply chains are located in China.

Nevertheless, another person said that discussions about the language of risk expression were resolved several weeks ago, resulting in the financial behavior authority of the UK Initial approval Shin’s plan for the list in London earlier this year.

The change in the nomination towards the Hong Kong list was driven by the recent geological tension due to the threat of high tariffs on US President Donald Trump’s Chinese import.

Although the impact of the tariff imposed on China on Shin’s US sales — which is responsible for about one-third of it $ 38 billion in annual income – The less serious than fear, the company is facing verification and regulatory obstacles in the United States and Europe. The profit reducing had already created doubt about the expertise of initial public offer to match the $ 66BN assessment that had already earned in its previous fund round.

Shein was established in 2002 but stopped sale for online shopping boom during the epidemic. It has faced questions from politicians and preachers over allegations of weak work practice in its broad supply chain. Sheen says it forcibly manages a “zero-tolerance policy” on labor.

Fast growth has been enabled by exempting import-duty on low-value parcels in the United States and Europe.

Both the EU and the United Kingdom have begun preparing to end these projects possible. A 54 percent of US discount from import duty for shipment less than $ 800 was replaced with a tariff or a $ 100 flat fee.

Financial Times Report Ships to search a list in Hong Kong, which is directly ordered by the Chinese warehouse, directly from the Chinese warehouse to the UK and China face an increasing investigation into the UK and China in London.

Reuters had earlier reported that Shane is now considered Hong Kong as its IPO venue.

The FCA has refused to comment. The China Securitys Regulatory Commission and Shane did not immediately respond to the requests for the comments.

Additional Report by Cheng Long