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A shopkeeper, fashion retailer, the Christmas bus tour of the dew, carries the presentation goods when visiting the Christmas bus tour of the UK, England, 13 December 2024.
Maternity Reuters
The online fast fashion giant Shein has secretly presented a secret open offer in Hong Kong to put pressure on the UK regulators, and accelerate long-term processing ambitions for their financial time.
The retailer based in China, Singapore-based retailer, presented a prospectus with the Hong Kong Exchange (HKEX) and explained to the newspaper, approving the Chinese Securities Regulatory Commission (CSRC).
HKEx said he did not comment on individual companies while contacting CNBC. CSRC, the British Financial Behavior and the London Stock Exchange did not respond immediately to the request of CNBC.
Shein, who was listed in London 18 months ago, but struggled to get the regulatory approval, and it was reported that he focused on Hong Kong in May.
The UK and Chinese regulators have so far failed to agree on the appropriate language for the risk disclosure section of the company’s avenue.
These provisions are undoubtedly due to the exposure of a Sheen’s supply chain in China’s Xinjiang region for violating human rights in the population. Chinese government rejected allegations.
FCA of England has approved a version of Shein’s Avenue earlier this year, but the project was projected has not been accepted By the strictly raised CSRC, which explains the risks of companies operating in China.
Time for Pivot
Analysts doubted that China’s approval is forced to provide similar benefits to the British regulator’s hand.
“Although the Chinese government is approved, FCA’s approval must still take all processes, so the London list has a number of obstacles,” Susannah Streeter, the President of the money and markets in Lansdown, told CNBC by e-mail.
“Financial behavioral organization is a responsibility to protect against issues that can harm the interests of investors,” he said.
The street suggested that Britain’s continuous changes in the firm can further accelerate.
“ESG LagGRards comes with high ESG risks, but there is an argument in the conversion of investment. The list of a poem may be responsible for the shareholders who can engage in the firm more transparent and improving standards.
The London list was seen as a boon of a company that provides an internationally illegal company, an established company of about 17-year-old China, international law and Western investors.
Shein faced a top battle in the loyal list. Last year, Shein continued to continue London’s attention from the list of London to London on such issues in such issues.
Meanwhile, concern about commercial practices, asked an EU investigation in May ruminate The company that violates the laws of consumer protection, including the use of counterfeit discounts, selling pressure and sustainability claims.
The United States was closing the US Minimis cavity in May for low-precious goods by the EU and the UK and added only to the company’s wagons of England.
