China approved fast-fashion retailer Shein’s long-awaited Hong Kong IPO on Friday, a notice posted on the China Securities Regulatory Commission (CSRC) website showed, clearing the way for a listing that failed in New York and London.
The online retailer has waited a year for the green light from Beijing for its IPO, which had to be cleared by the highest levels of the ruling Chinese Communist Party, a source with direct knowledge of the matter said.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
