New Stock News | There are rumors that Xiyin is considering relocating its headquarters back to China in order to pave the way for a listing on the Hong Kong stock exchange.

According to informed sources, the Chinese fast fashion e-commerce platform Shein is considering moving its headquarters back to China in hopes that this move will help China's regulatory authorities approve its plans for a Hong Kong listing. Shein, currently registered in Singapore, has consulted lawyers regarding the establishment of a parent company in China, but discussions are still at a preliminary stage and it is uncertain whether Shein can proceed with this matter. As of now, the company has not responded to these reports. The above-mentioned sources also stated that once Shein's Chinese parent company is established, its current headquarters in Singapore and all its overseas business will become subsidiaries. It is reported that Shein's overseas listing plans have been repeatedly hindered. The company originally planned to apply for a listing in the US in 2023, but faced obstacles. It then shifted its focus to London and submitted a listing application there in June last year. In May of this year, reports indicated that Shein's London listing plans are close to stalling.