I could comment a bit further, perhaps, that what we saw happening in Hong Kong had a profound impact on Taiwan and Taiwanese politics, for sure. In Taiwan, basically the Hong Kong reality of what happened with the national security law...essentially told most Taiwanese that “one country, two systems” was clearly out; it was no longer an option for the majority of Taiwanese.
We saw this correspond with an increase in the number of people in Taiwan who also identified themselves as Taiwanese, as opposed to being both Taiwanese and Chinese, or only Chinese. In terms of the latest numbers we have for the end of last year, 62.3% of the Taiwanese population now identify as being purely Taiwanese. Many of these tend to be the younger Taiwanese, and they tend to be strong supporters of the current administration, the DPP. To generalize, to simplify a little, it is considered to be the pro-independence party in Taiwan.
This had a profound impact on the local politics. In 2018, after local elections, there were many who saw that there was an opportunity for the opposition, the KMT, which had usually been taking a stance that is a bit closer to China, to make a comeback. However, as a result of the Hong Kong situation in that context, the politics shifted in Taiwan and President Tsai was re-elected. We see some of the impacts of that within the region. That would probably be the largest impact that the situation in Hong Kong had on Taiwan, as the Taiwanese watched what happened there.