Last week, Netherlands-based medical device company Koninklijke Philips N.V settled a case brought against it by the U.S. Securities and Exchange Commission ("SEC") for violations of the Foreign Corrupt Practices Act ("FCPA") by its subsidiary in China.

Last week, a U.S. regulator announced that it has secured access to the audit records of Chinese firms, averting an imminent delisting crisis for over two hundred Chinese companies.

A Republican Senator is pressing the Biden administration in relation to a cooperation agreement on financial audits signed by Chinese and American regulators. Political pressure of this sort could make it more difficult to have a functioning regulatory cooperation agreement.

In a further development related to the U.S.-China spat over auditing requirements for Chinese companies listed in the United States, five Chinese state-owned companies have decided to delist from the New York Stock Exchange.

Five Republican Senators are calling on the Securities and Exchange Commission (SEC) to investigate two stock trading platforms because of concerns about their data sharing practices and potential access by the CCP.

Last week, the U.S. House of Representatives voted to adopt an amendment led by Congressman Brad Sherman (D-CA) as part of the annual defense bill, which would require that "China-based issuers of certain unregistered securities provide basic information about themselves to the U.S. Securities and Exchange Commission (SEC)

The U.S. Securities and Exchange Commission recently added another 12 companies to its list of companies that fail to comply with U.S. auditing requirements and are therefore subject to possible delisting.