HONG KONG/LONDON, July 10 (Reuters) – 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.
(Reporting by Helen Reid in London and Kane Wu in Hong KongAdditional reporting by Beijing NewsroomEditing by Emelia Sithole-Matarise and David Goodman)
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