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Except the SEC has given Chinese companies an exemption from normal oversight. I agree that there shouldn't be a blanket ban - but the companies should have to follow the same rules as everyone else.

https://www.chinalawblog.com/2019/06/china-and-the-u-s-stock...

The SEC has already failed miserably once in this exact role. What reason do we have to believe that even a fully-funded, well-staffed SEC could get the necessary _accurate_ figures out of China, and Chinese companies, to adequately perform this duty? Many Chinese companies have grossly exaggerated assets and earnings to the SEC before.

https://en.wikipedia.org/wiki/The_China_Hustle

Running undercover espionage operations in China - which is what it would probably take to work out what's going on, given that the government there is in on it and extremely hostile to whistleblowers - is well outside the scope of what the SEC is capable of. Even the CIA has trouble with it.