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Hong Kong's improved electoral system - how it will work

The Improving Electoral System (Consolidated Amendments) Bill 2021 was introduced into the Legislative Council on 14 April 2021. 

The purpose of improving the electoral system of the Hong Kong Special Administrative Region (HKSAR) is to plug the loopholes and improve the deficiencies in the electoral system, and develop a democratic system that suits Hong Kong's actual situation, meets the requirements for the implementation of "One Country, Two Systems", and manifests the characteristics of Hong Kong, so as to ensure the comprehensive implementation of "patriots administering Hong Kong" and enhance the governance efficacies of the HKSAR Government thereby achieving good governance, allowing Hong Kong to develop the economy, improve people's livelihood and resolve various deep-seated problems with a view to ensuring the continued success of the "One Country, Two Systems" and maintaining the prosperity and stability of Hong Kong. 

More information can be found in the Layman's Guide to the Improving Electoral System (Consolidated Amendments) Bill 2021.  You can also find full details here.