UK Lawmakers Warn Regulator Over Shein’s Alleged Bid to Soften Listing Rules

The warning came after Shein sought to list in Hong Kong in an attempt to push London to approve its listing application.

The logo of fast fashion e-commerce company Shein outside its office in Guangzhou, China, on June 11, 2024. Jade Gao/AFP via Getty Images

A UK parliamentary committee sounded the alarm on Thursday following allegations that fashion retailer Shein tried to push the country’s financial regulator to soften rules so the company could be listed on the London Stock Exchange.

In a letter to the Financial Conduct Authority (FCA), Business and Trade Committee Chair Liam Byrne said the committee would be “deeply concerned by any watering down of disclosure requirements, especially in cases involving potential violations of international human rights standards.”