Shein Wins Chinese Approval for Hong Kong IPO The approval of fast fashion retailer Shein's initial public offering (IPO) by Beijing comes as no surprise, given the Chinese government's recent history of scrutinizing and controlling domestic companies' overseas listings.
This persistence is surprising, however, considering Shein's troubled past and ongoing criticism from regulators, politicians, and NGOs.
Shein's year long wait for greenlight highlights the complexities of operating in China's increasingly tight regulatory environment.