Jimmy Lai, chairman of Next Digital Ltd., right, sits in a car as he leaves Mong Kok police station after being released on bail in Hong Kong, China, early on Wednesday, Aug. 12, 2020. The statements issued by China and Hong Kong after Monday's arrest of media tycoon Jimmy Lai underlined just how quickly a national security law passed in June is undermining the city's independent judicial system. Photographer: Chan Long Hei/Bloomberg via Getty Images