Tech firm says it abides by US laws

Hangzhou Hikvision Digital Technology Co, the world's largest manufacturer of video surveillance products and solutions, said on Wednesday the company takes the United States government's concerns very seriously and follows all applicable laws and regulations in the markets in which it operates.

The statement came after The New York Times reported the US government was considering imposing limits on Hikvision's purchases of US technology. This would hamper Hikvision's ability to do business as it is reliant on US components for its products. According to the report, the potential restrictions stem from concerns including the human rights of China's surveillance sector.

Hikvision's share price plummeted 5.54 percent on the Shenzhen Stock Exchange on Wednesday.