Hillhouse Capital Under Investigation Over Share Transfers

An investment arm of Chinese private equity firm Hillhouse Capital is under investigation by the China Securities Regulatory Commission (CSRC) for alleged violations of share transfer rules, according to a company in which it holds a significant stake.

LONGi Green Energy Technology Co. Ltd., a Chinese solar panel maker, disclosed the probe Wednesday in a statement. Without disclosing details, the company said the investigation involved a transfer of LONGi shares by HHLR Management Pte. Ltd., a Singapore-based unit of Hillhouse. HHLR invests in China’s stock market through the Qualified Foreign Institutional Investor program.