The London Stock Market Dodged a Bullet with Shein The news that Chinese fast fashion giant Shein has opted to list in Hong Kong instead of London next week has been met with relief from those who had been following the story.
This is no surprise, given the concerns surrounding Shein's labor practices and reliance on tax breaks in China.
London's consideration as a potential listing destination for Shein reflects the desperation of the UK's financial scene.