Vox recently made a good video on the topic [1].
In 1984, Beijing agreed with Britain that after the handoff in 1997, China would respect Hong Kong’s political system [2]. Hence, Deng Xiaoping’s “one country, two systems” [3].
Beijing is breaking that agreement. It already tried abduction [4]. Now it wants to be able to extradite anyone to China to be tried in Chinese courts.
This is problematic. Hong Kong, like Japan, Taiwan, Britain and America, has an independent judiciary where the government must prove its case. So if a dissident is tried in Hong Kong, prosecutors have to prove their case in a relatively fair court.
Chinese courts are party instruments. (Consider that there is no way to enforce Hong Kong’s rights under the 1984 agreement.) Under the proposed legislation, said dissident would be shipped to China where a rubber-stamp conviction could be sought.
[1] https://m.youtube.com/watch?v=MQyxG4vTyZ8
[2] https://en.m.wikipedia.org/wiki/Transfer_of_sovereignty_over...
[3] https://en.m.wikipedia.org/wiki/One_country,_two_systems
[4] https://en.m.wikipedia.org/wiki/Causeway_Bay_Books_disappear...
Why the downvote? The Wikipedia article even backs it up: "The Basic Law ensured Hong Kong will retain its capitalist economic system and own currency (the Hong Kong Dollar), legal system, legislative system, and people's rights and freedom for fifty years, as a special administrative region (SAR) of China." -- https://en.m.wikipedia.org/wiki/One_country,_two_systems
Hong Kong Island (where majority of people live) was given to UK with no lease limits. Kowloon and New Territories were leased to UK for 99 years in 1898. So, in theory UK only needed to return Kowloon and New Territories. Of course, this wasn’t practical. It’s like giving Manhattan to another country but keeping Queens and Brooklyn. So in 1994 UK agree to return all 3 (Hong Kong Island, Kowloon, and New Territories) in 1997.
That agreement was part of a deal which also included "one country, two systems".
They already made the promises, and lodged them with the UN.
Now they are breaking those treaties.
https://www.nytimes.com/2019/06/12/business/hong-kong-china-...
https://www.cnn.com/2019/06/11/asia/hong-kong-extradition-ch...
https://www.afr.com/news/world/asia/labor-business-alarmed-b...
I mean even the protesters are protesting against __their__ legislative council. [0]
[0] "forced the city’s legislature to postpone debate on a widely unpopular bill"
China selects the chief executive [1]. Opposition members were recently removed from the Legislative Council [2]. The law is wildly unpopular.
[1] https://www.theguardian.com/world/2017/mar/24/hong-kong-sele...
[2] https://www.theguardian.com/world/2017/jul/14/hong-kong-pro-...
Beijing wants this law passed, Beijing controls the political future of those who with the power to pass the bill. The HK citizenry oppose the bill.
They've been slowly taking freedoms away from HK since the Xi Jinping got into office and declared himself President for life.
You forgot China having to approve candidates in Hong Kong elections: https://www.bbc.com/news/world-asia-china-32397179
That's not true.
> It allows for extradition requests from authorities in mainland China, Taiwan and Macau for suspects accused of serious criminal wrongdoing such as murder and rape. The requests would then be decided on a case-by-case basis. [1]
Lastly, as sad as it is freedom has a price (not just in the military sense as often echoed stateside). Sometimes that price is death without what everyone would called justice (which in this case is extradition). Abraham Lincoln’s words, you will have situations where people will be “sacrifices on the altar of freedom.”
"The lease consisted of the rest of Kowloon south of the Shenzhen River and 230 islands, which became known as the New Territories. The British formally took possession on 16 April 1899." https://en.wikipedia.org/wiki/British_Hong_Kong#Growth_and_e...
As to what it means to foreigners, another post earlier on the frontpage has some pretty good explanation there. If you land in HK, due to how jurisdictions work, and if the Chinese government charges you with anything, which can be arbitrary due to the trade war, you can be extradited to China from an allegedly free city.
HK is stuck right in the middle of some super-power geopolitical power play here.
https://www.hongkongfp.com/2019/06/07/hkfp-voices-hong-kongs...
The short version is that Hong Kong was setup as a territory with its own government and justice arms (separate from mainland China). The proposed law would effectively make it so anyone that steps foot in Hong Kong would be subject to mainland China laws. There are restrictions in the bill, saying that the crime must have a sentence >= 7 years, and there must be a similar law on the books in Hong Kong. But the people fear it will be used to further extend China's influence into Hong Kong.
Hong Kong has been doing more bidding of mainland China over the last few years (after the failed 2014 call for democracy). For example, back in October, they deported a reporter for a meeting they didn't agree with[0].
[0] https://www.wsj.com/articles/hong-kong-ousts-journalist-who-...
Taiwan is not China so an extradition law with mainland China does not matter for a case involving Taiwan.
https://www.bbc.com/news/av/world-asia-china-48599658/hong-k...
Secondly if you prefer a written summary:
Not that this answers your question, but in the past, finance pros have also protested when the Stock Exchange moved to shorten its lunch break.
https://en.wikipedia.org/wiki/Hong_Kong_Stock_Exchange#Tradi...
Tl;dr Asia is...unique.