According to the U.S. Department of State and the United Nations special rapporteur on contemporary forms of slavery, China is conducting a campaign of mass detention and political indoctrination in Xinjiang, employing various human rights abuses, including forced labor.
FCA Asked To Block Shein IPO : Legal Actions and Demands
Stop Uyghur Genocide highlighted reports of state-linked companies like Shein being involved in “egregious human rights abuses.” The group’s lawyers have requested the FCA to take several actions as they prepare a detailed submission to back their claims.
Campaigners are urging the FCA to demand more information from Shein regarding the “accuracy” of its modern slavery statement, which is seven pages long on its website. Activists want the FCA to refuse Shein’s listing unless it can prove its products are free from forced labor, limiting the company’s listing options.
FCA Asked To Block Shein IPO : Shein’s Strategic Shift
Shein’s potential shift to the London Stock Exchange occurs amid ongoing tensions between China and the U.S. In June 2023, the House China Select Committee’s investigation found that nearly half the packages from China to the U.S. likely contained items produced with state-sponsored forced labor.
