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flag China-founded Shein wants to comply with new listing rules for local firms.

flag Shein, a China-founded fashion company, is seeking Beijing's approval to go public in the U.S. in order to comply with new listing rules for local firms. flag This decision may delay the company's initial public offering (IPO) plans, as it faces tougher-than-expected scrutiny from U.S. regulators in an election year and a lengthy approval process with numerous Chinese regulators.

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