The Great Delisting could be coming… and not just because of China. Last week, the SEC finalized rules to forcibly delist foreign companies that don’t follow auditing requirements. The goal: Avoid situations like Luckin’s fake earnings.. Meanwhile, Beijing is tightening data-privacy regulations that’ll make it harder for Chinese companies to list on foreign markets. Escalating US-China tensions could mean a wave of Chinese tech companies leaving US markets — which could hurt both American and Chinese investors.