Hong Kong media tycoon Jimmy Lai was remanded into custody on Thursday after being charged with fraud, the latest in a string of prosecutions brought against high-profile Beijing critics and democracy campaigners.

His detention came as a prominent opposition politician announced he had fled overseas during a trip to Denmark.

Jimmy Lai, 73, is the owner of Hong Kong's best-selling Apple Daily, a popular tabloid that is unashamedly pro-democracy and fiercely critical of authorities
Jimmy Lai, 73, is the owner of Hong Kong's best-selling Apple Daily, a popular tabloid that is unashamedly pro-democracy and fiercely critical of authorities AFP / ISAAC LAWRENCE

Lai, 73, is the owner of Hong Kong's best-selling Apple Daily, a popular tabloid that is unashamedly pro-democracy and fiercely critical of authorities.

He and two of the firm's executives -- Royston Chow and Wong Wai-keung -- face fraud charges that court documents say are related to the paper's offices allegedly being used for purposes not permitted by the building's lease.

Police raided Apple Daily's headquarters in August and arrested a string of senior company figures, including Lai, on suspicion of "collusion with foreign forces" under a vaguely worded new national security law that Beijing imposed on the city.

Media tycoon Jimmy Lai was handcuffed as he arrived at a custody centre
Media tycoon Jimmy Lai was handcuffed as he arrived at a custody centre AFP / Anthony WALLACE

None has so far been charged with any national security breaches.

But Victor So, the magistrate overseeing Thursday's hearing, is from a group of judges selected by Hong Kong's chief executive to try such cases.

Beijing has moved to stamp out dissent in Hong Kong
Beijing has moved to stamp out dissent in Hong Kong AFP / John SAEKI

So denied Lai bail but granted it to Wong and Chow, setting the next court date for April.

The decision means Lai, who was later photographed arriving at prison with his hands cuffed, faces months behind bars as police continue their investigation.

US Secretary of State Mike Pompeo denounced the legal actions against Lai as well as the jailing a day earlier of 24-year-old Joshua Wong and two other young people who gained prominence in last year's massive pro-democracy protests.

Factfile on Hong Kong newspaper owner and pro-democracy activist Jimmy Lai.
Factfile on Hong Kong newspaper owner and pro-democracy activist Jimmy Lai. AFP / John SAEKI

"The United States is appalled by the Hong Kong government's political persecution of Hong Kong's courageous pro-democracy advocates," Pompeo said in a statement.

"Their struggle to resist the CCP's denial of their fundamental rights will stand throughout history as a testament to the human spirit," he said, referring to the Chinese Communist Party.

Hui, 38, said he has yet to seek asylum in any country
Hui, 38, said he has yet to seek asylum in any country AFP / Anthony WALLACE

China's clampdown on Hong Kong has dramatically accelerated since it imposed its sweeping security law in June, with opposition politicians disqualified and dozens of activists charged or investigated.

On Thursday evening Ted Hui, a pro-democracy lawmaker facing a string of charges linked to the protests, confirmed he had decided to "go into exile" after a court let him travel to a conference in Denmark.

He joins a growing number of prominent democracy campaigners who have fled overseas.

Hong Kong media tycoon Jimmy Lai is remanded into custody after being charged with fraud, the latest in a string of prosecutions brought against high-profile Beijing critics and democracy campaigners.
Hong Kong media tycoon Jimmy Lai is remanded into custody after being charged with fraud, the latest in a string of prosecutions brought against high-profile Beijing critics and democracy campaigners. EYEPRESS

Judges have also denied bail to other activists prosecuted for their political views.

Radio DJ Tam Tak-chi has been in custody since mid-September after he became the first person since the 1997 handover from Britain to be charged with "uttering seditious words" under a colonial era law.

At a hearing on Thursday he was denied bail again ahead of his trial in May.

The crackdown has provoked outrage in the West and fear for millions who last year took to the streets to protest communist China's tightening grip on the semi-autonomous city.

Beijing says stability and order has been restored and has dismissed the huge crowds that protested as a foreign plot to destabilise China.

Critics say Beijing has shredded the freedoms and autonomy Hong Kong was promised ahead of its handover by Britain.

Lai has long said he fears authorities want to shutter his newspaper, one of the few local outlets still willing to vocally take on Beijing.

In Chinese state media, he is routinely cast as a traitor and "black hand".

"I'm prepared for prison," Lai told AFP in an interview two weeks before the security law was imposed.

"I'm a troublemaker. I came here with nothing, the freedom of this place has given me everything. Maybe it's time I paid back for that freedom by fighting for it," he added.

Prosecutors have tried bringing cases against him in the past.

The corruption watchdog also dropped a case against him over political donations to pro-democracy supporters after four years of investigations.

Authorities deny targeting Apple Daily or Lai and say police are simply enforcing breaches of the law.