Shein’s Hong Kong green light is no vindication

For an industry that has spent three years asking whether Shein could ever go public, the answer is now yes — but the terms say far more about geopolitics than about redemption on labour, chemicals or product safety.

China’s securities regulator finally cleared Shein to list in Hong Kong a few weeks ago, offering up to 341.6 million shares after New York and London both proved politically impossible.