The chair of a British parliamentary committee has expressed concerns regarding the evidence provided by a Shein representative during a recent hearing, and has written to the London Stock Exchange to inquire about their verification process for statements made by companies seeking listing. Shein, a fast-fashion retailer, is preparing for a London IPO and has come under scrutiny for its suppliers based predominantly in China. The committee chair, Liam Byrne, in a letter addressed to LSE CEO Julia Hoggett, raised questions about the exchange's procedures to authenticate statements made by companies intending to list, specifically focusing on measures to prevent forced labor. Additionally, Byrne contacted Britain's Financial Conduct Authority to understand how it ensures disclosure of all legal risks before an IPO. Both the FCA and the LSE are preparing responses to the inquiries. During the hearing, Shein's general counsel, Yinan Zhu, declined to answer questions about the company's sourcing practices, fueling the committee's concerns. Allegations have surfaced that Shein utilizes cotton from China's Xinjiang province, a region linked to forced labor controversies. However, Shein has maintained a zero-tolerance policy for forced labor and mandates its manufacturers to source cotton only from approved areas. Regulatory approvals from both the FCA and the China Securities Regulatory Commission are required for Shein to proceed with its London listing, as the majority of its 5,800 suppliers are in China.