China-founded fast-fashion retailer Shein has filed for an IPO in Hong Kong to accelerate the listing process and pressure Britain's regulators to approve its planned London debut, the Financial Times reported on Tuesday.

The company’s filing in Hong Kong is an attempt to bounce UK regulators into approving its London listing. London would still be Shein’s preferred destination for a listing if the FCA approved the China Securities Regulatory Commission’s version of its prospectus, sources told the Financial Times.