AsianFin -- Fast-fashion giant Shein is weighing a relocation of its headquarters from Singapore back to China to improve its chances of securing Beijing’s approval for a Hong Kong listing, Bloomberg reported Tuesday, citing sources.

The company has sought legal advice on establishing a parent entity in mainland China, though talks remain preliminary and no decision has been made, the report said.

Shein, originally founded in China, has made multiple failed attempts to go public, first in New York and later in London. Its offshore IPO plans have run into regulatory hurdles in Beijing, as well as political scrutiny in the U.S. and U.K., amid heightened U.S.-China tensions.