HK shines regulatory spotlight on Hanergy

The securities regulator in Hong Kong said on Thursday that it is conducting an investigation into Hanergy Thin Film Power Group, a day after the company's chairman dismissed reports of such a probe as "purely rumors".

"This statement is issued in accordance with the SFC's Disclosure Policy, given the public interest following reports denying such measures have been taken," the Securities and Futures Commission said on its website.

The SFC usually does not comment on individual stocks or ongoing cases, but the response from Hanergy's Chairman Li Hejun prompted the regulator to speak out.