'Don't water down finance rules for fast fashion firm'

WATERING down disclosure rules to smooth the way for a UK flotation of the fast fashion firm, Shein, would “compromise the integrity” of the Britain’s listing regime, MPs have warned.

- HOLLY WILLIAMS

The cross-party Business and Trade Committee said it would be “deeply concerned” by any changes to the disclosure requirements following reports that Shein had privately filed to list its shares on the Hong Kong stock exchange.

It is thought the move was partly made in a bid to apply pressure on regulators to approve plans and water down disclosure rules to allow it to list on the London Stock Exchange (LSE), with Shein’s bosses said to remain hopeful a UK flotation can be kept alive.