Hong Kong pro-democracy media tycoon Jimmy Lai released on bail

• Lai had previously been denied bail twice — two weeks ago, after he was charged under the national security law, and earlier this month when he was arrested on allegations of fraud.

The state of play: Lai was freed on a HK$10 million ($1.3 million) bail, per Apple Daily. He will be required to surrender all travel documents and is prohibited from speaking to the press, using social media and meeting with foreign officials.

• Lai will be placed under house arrest and will have to report to police three times a week.
• The Hong Kong Department of Justice is appealing the decision, according to Apple Daily.

The big picture: The implementation of the law, under which dozens of people have been charged, has "resulted in a wave of self-censorship," Axios' Bethany Allen-Ebrahimian notes.

• The national security law includes broad definitions of crimes — specifically on secession, subversion, terrorism and collusion — allowing for the Hong Kong government to freely implement the law without any specific oversight.

Go deeper: Hong Kong's worst case scenario is happening