The Hong Kong Monetary Authority (HKMA) says it is not hiring an external auditor to investigate BOC Hong Kong (Holdings) as it earlier said, citing a 'misunderstanding'. On Monday, spokespersons of the banking watchdog told the media that it would appoint an external auditor to probe BOCHK, while the bank also said it would solicit external auditors. Yesterday, however, a HKMA spokeswoman said: 'Under Section 59 of the Banking Ordinance, the HKMA approves the appointment of the external auditor but does not itself make the appointment. 'There appears to have been some misunderstanding about the HKMA's position.' She emphasised the authority's probe was still on.