Copyright claims due to the character being originally created by author Sax Rohmer, as well as some cultural insensitivity regarding what that character represents, will likely prevent Marvel using that name in the MCU.
Classic Marvel fans may know Shang-Chi’s father under a different name, that being “Fu Manchu.”
Still, should the name pop up in the upcoming film in any way, fans should be aware there is a connection between the actual Marvel character and the now-controversial stereotyped character.