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Opinion | Business Is Far From Usual in Hong Kong – The Wall Street Journal

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https://www.wsj.com/articles/business-is-far-from-usual-in-hong-kong-jimmy-lai-apple-daily-next-digital-china-ccp-national-security-law-trial-11668533197
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Hong Kong leaders would like the world to think the financial hub is back to normal as it reopens for international business. At a conference this month of more than 200 of the world’s top bankers, John Lee, Hong Kong’s chief executive, reassured attendees that “the rule of law is sacrosanct.” “Fundamental rights and freedoms, including freedom of speech, of the press, of assembly, are enshrined in and protected by the Basic Law,” Mr. Lee said, referring to China’s guarantee of a large degree of autonomy to Hong Kong. But Beijing’s 2020 National Security Law—also called the NSL—has done the opposite, allowing the Chinese Communist Party to stomp its boot on Hong Kong’s free society and markets.
Business is far from usual in Hong Kong. As the two American board members of Next Digital, a Hong Kong publishing company, we know this firsthand. Jimmy Lai, a self-made billionaire who fled to Hong Kong from communist China as a child, founded Next Digital and its Apple Daily, a popular pro-democracy newspaper. Next Digital became a publicly traded company in 1999, and Apple Daily had more than 600,000 online subscribers in 2020.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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