Shein Seeks Listing Worth £50 Billion in Hong Kong

From Singapore to China Again Founded in China, Shein officially relocated its headquarters to Singapore in 2022 as part of a strategy to internationalize its brand and distance itself from Beijing’s oversight. Now, that plan also appears stalled.

Chinese regulators have not cleared a UK listing, according to reports, leaving the company with little option but to consider returning home. Despite its Singapore base, Shein is still subject to oversight by the China Securities Regulatory Commission (CSRC) because the company maintains substantial operations in the country.

The CSRC requires all companies with significant ties to China to seek review before attempting to list anywhere globally. With the vast majority of Shein’s production still taking place in China, the company remains linked tightly to Beijing’s regulatory orbit.

According to a Bloomberg report, the company has consulted lawyers about setting up a parent company in mainland China, an indication that a Hong Kong listing is now seen as the most likely outcome.