[beatle_sauce]

Agree. There is evidence that such a law will be used for political purposes.

See the case of the Huawei CFO Meng Hongwei that was about sanction violations. She was arrested in Canada and is about to be extradited to USA. The extradition bill extends this power (to retaliate) for the CCP to Hong Kong, an economical hub in Asia.

As anecdotal evidence, see the case of Cathay Pacific, an airline company based in Hong Kong that makes business in China: There were anti-extradition demonstrations at the airport, and some employees of Cathay participated. The CCP demanded their names and their immediate layoff. Instead, the CEO only named himself on the list, and was promptly removed.

However, this sends a strong signal: If you occupy a leading position in a company that may be "on the list" (e.g., listing Taiwan as a country, company based in Canada/USA, employees participated in demonstrations, or "hurting the feelings of the Chinese people" in any way), don't go to Hong Kong anymore.