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Activist Tong Ying-kit arrives at the West Kowloon court in Hong Kong in 2020. Photo: Isaac Lawrence/AFP via Getty Images

Tong Ying-kit, the first person to be charged and tried under Hong Kong's national security law was found guilty of terrorism and inciting secession by three judges Tuesday, per Bloomberg. The 24-year-old had pleaded not guilty to the charges.

Why it matters: The law passed by the ruling Chinese Communist Party last year carries the maximum sentence of life imprisonment. In a departure from the Asian financial hub's common law traditions, Tong was denied a jury trial.

  • Instead, security law judges are selected by Hong Kong CEO Carrie Lam.

Details: The charges stem from allegations that he drove his motorcycle into police officers while carrying a protest flag stating "Liberate Hong Kong, revolution of our times" on July 1 last year — which prosecutors labeled "secessionist," Reuters notes.

  • The incident was alleged to have taken place one day after Beijing imposed the security law on Hong Kong after the former British colony saw months of massive pro-democracy protests.

Go deeper: Beijing's national security law takes a toll in Hong Kong

Editor's note: This article has been updated with new details throughout.

Go deeper

Oct 20, 2021 - World

Biden's ambassador nominee: "China is not an Olympian power"

Nick Burns testifying before the Senate Foreign Relations Committee. Photo: Sarah Silbiger/Bloomberg via Getty Images

President Biden's nominee to serve as ambassador to China delivered a stark assessment of the challenges the U.S. faces in confronting Beijing, but stressed that the rising superpower is "not all-powerful" and the West retains "substantial" advantages.

The big picture: Nicholas Burns, a retired career diplomat and former U.S. ambassador to NATO, used his confirmation hearing Wednesday to echo the growing bipartisan consensus that China poses "the greatest threat to the security of our country and the democratic world" in the 21st century.

School principals are not OK

Principal Alice Hom (purple jacket) of New York's Yung Wing School P.S. 124 near a vaccination van in November. Photo: Michael Loccisano/Getty Images

The overwhelming majority of secondary school principals experienced frequent stress last school year, according to a RAND Corporation report out Wednesday.

The big picture: The stress levels among female principals and principals of color were especially stark, with nearly 40% in these groups reporting constant job-related stress, compared to about 24% of male principals and 26% of white principals.

It's official: Stock market having worst start to year ever

Data: FactSet; Chart: Axios Visuals

It's been a decidedly ugly start to the year for the stock market, with particular pain in the tech trade.

State of play: As of the end of trading Tuesday — the 16th session of the year — 2022 is now, officially, the worst-ever start in the history of the S&P 500, according to data from Ned Davis Research, a stock market research shop.