China Probes Hikvision Billionaire Over Alleged Misconduct

China’s securities regulator is probing two senior executives at Hangzhou Hikvision Digital Technology Co. Ltd. for alleged disclosure violations, dealing another blow to the surveillance giant that’s blacklisted by Washington.

The Chinese seller of video cameras announced the investigation by the China Securities Regulatory Commission into two of its board members -- billionaire Gong Hongjia and fellow director Hu Yangzhong -- in a filing to the Shenzhen exchange on Wednesday, adding that the pair are cooperating with authorities.

Hikvision is fighting for its survival after the U.S. banned the company in October, accusing it of helping Beijing crack down on ...