Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information.
Local stocks waver amid mixed signals from latest corporate earnings. Analysts caution that more policy support is needed to sustain the recent rebound in Hong Kong and onshore bourses.
The Hang Seng Index reaches the highest level since January 4 as the city’s top developers lead gainers. China’s market intervention is seen growing, after a surge in subscriptions in top exchange-traded funds.
(Bloomberg) Chinese stocks look poised for a strong open when onshore traders return from the Lunar New Year break, with buoyant travel and tourism data seen bringing a much-needed relief to one of the world’s worst-performing major markets.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderTop Investors Share the Toughest Lessons They Had to LearnSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilUK, Allies Look to Arm Ukrain