Shein Global Holdings Ltd. receives approval from Chinese regulators to move forward with a planned initial public offering in Hong Kong, according to multiple reports. The approvals cap a yearslong effort by the fast-fashion retailer to list publicly. Bloomberg reports that the Chinese regulator clears Shein’s IPO plan for Hong Kong. The South China Morning Post says the China Securities Regulatory Commission (CSRC) grants approval for Shein to seek an IPO and that the company plans to issue up to 341.6 million shares for a listing on the Hong Kong Stock Exchange, citing a CSRC statement. Earlier attempts to go public in other markets—including New York or London—have faced delays and were halted amid regulatory scrutiny of Shein’s operations in the United States and Europe, the South China Morning Post notes. Investing.com’s headline also indicates the approval is for a Hong Kong IPO. With the regulator’s approval in place, Shein’s next steps involve proceeding with the Hong Kong listing process under the terms of the approved plan, including further disclosures and transaction arrangements.