If you blindly trust what’s written, then they do look similar.
Much like the Constitution of the PRC stating “citizens of the People's Republic of China enjoy freedom of speech, of the press, of assembly, of association, of procession, and of demonstration.” [1]
One would be a fool to believe it’s similar to the US constitution.
OK, here’s my answer to your questions:
Jimmy Lai runs the biggest pro-democracy newspaper, Apple Daily, in Hong Kong, and his Twitter account was recently named by Chinese state media Global Times as providing “evidence of subversion under new national security law”. [2] Pro-democracy newspaper will be the first to disappear after passing the national security law.
Infringement on freedom of press (and speech) would have drastic consequences. Just look at Covid-19. When no newspaper stands up to reveal the scale of a mysterious disease and doctors were forbidden to warn others, the government can cover it up for much longer than in an open society [3], ultimately costing hundreds of thousands more lives [4].
When short selling in China could be classified as “malicious” and “illegal” [5], or as the rumor goes, “a financial coup to overthrow Xi” [6], I doubt Hong Kong can remain an international financial hub under the new law.
Media companies also like to stay in Hong Kong [7]. That could change with the new law, and with the loss of free flow of information, financial industry will hurt, too.
Much like the Constitution of the PRC stating “citizens of the People's Republic of China enjoy freedom of speech, of the press, of assembly, of association, of procession, and of demonstration.” [1]
One would be a fool to believe it’s similar to the US constitution.
OK, here’s my answer to your questions:
Jimmy Lai runs the biggest pro-democracy newspaper, Apple Daily, in Hong Kong, and his Twitter account was recently named by Chinese state media Global Times as providing “evidence of subversion under new national security law”. [2] Pro-democracy newspaper will be the first to disappear after passing the national security law.
Infringement on freedom of press (and speech) would have drastic consequences. Just look at Covid-19. When no newspaper stands up to reveal the scale of a mysterious disease and doctors were forbidden to warn others, the government can cover it up for much longer than in an open society [3], ultimately costing hundreds of thousands more lives [4].
When short selling in China could be classified as “malicious” and “illegal” [5], or as the rumor goes, “a financial coup to overthrow Xi” [6], I doubt Hong Kong can remain an international financial hub under the new law.
Media companies also like to stay in Hong Kong [7]. That could change with the new law, and with the loss of free flow of information, financial industry will hurt, too.
[1] https://en.wikipedia.org/wiki/Constitution_of_the_People%27s...
[2] https://www.reddit.com/r/HongKong/comments/grjw6s/traitor_ji...
[3] https://www.scmp.com/news/china/politics/article/3049606/cor...
[4] https://hongkongfp.com/2020/03/14/china-may-prevented-95-vir...
[5] https://www.reuters.com/article/us-china-stock-crime/chinese...
[6] http://www.rfi.fr/tw/%E4%B8%AD%E5%9C%8B/20200127-3%E5%B9%B4%... (in Chinese)
[7] https://www.ejinsight.com/eji/article/id/1104520/20150724-wh...