Human rights group files legal bid to block Shein IPO

A human rights group has launched a legal bid to block Shiin's expected share listing in London. Stopweeger Genocide has written to Britain's Financial Conduct Authority urging it to refuse permission for an IPO. It's retained a law firm to take up the case. That comes amid concern over labour practices in the China founded companies supply chain. The group campaigns to protect the Uighur minority in China's Xinjiang region, where the US and others accuse Beijing of running labour camps. This Reuters video from 2019 shows what China calls a vocational educational training center. Officials have repeatedly and strongly rejected all claims of abuse at such facilities. However, she in was forced to drop plans for a New York share sale after US lawmakers raised similar concerns. On Tuesday, Amnesty International said a London IPO would be a badge of shame for the city Stock Exchange. It too accused Xi'an of questionable labor and human rights standards. Reuters sources say the firm confidentially filed for an IPO in early June, paving the way for a listing later this year. She in has previously said it is strengthening its governance and compliance to address labor worries. The FCA has no power to investigate alleged breaches of legislation not under its remit, including EU KS laws on modern slavery.