Chinese watchdog opens probe on Hikvision’s vice-chairman in fresh blow after US trade blacklist
- Gong Hongjia and company general manager Hu Yangzhong are being investigated by the China Securities Regulatory Commission

Hikvision Digital Technology, the world’s largest supplier of video surveillance systems, saw its shares fall sharply on Thursday after China’s securities watchdog started an investigation on its billionaire vice-chairman, Gong Hongjia, for alleged breach of disclosure rules.
Gong, Hikvision’s biggest individual shareholder, and general manager Hu Yangzhong were cooperating with the investigation opened by the China Securities Regulatory Commission, according to the company’s filing to the Shenzhen Stock Exchange on Wednesday.
The Chinese securities watchdog’s investigation “only involves” the two named Hikvision board members, not the Hangzhou-based company, according to a spokeswoman’s text message in response to inquiries.
The securities watchdog’s investigation was over a new performance bonus plan for Hikvision employees that had not been declared to authorities, according to two people familiar with the matter. The company’s spokeswoman declined to comment on the plan.
