So far, nothing has been officially destroyed, probably because the authorities haven't noticed. But releasing them would bring a lot of unwanted attention.
Many Johnnie To films are already banned in China, and I imagine his Election duology would get him in massive trouble, with its vicious condemnation of the two government system.
Tsui Hark would be screwed, as a vast majority of his films cover Hong Kong handover fears, or Hong Kong as a unique identity.
Wong Kar Wai would probably suffer too, since he married sexuality and criminal elements, as well as exploring a homosexual relationship in Happy Together.
Infernal Affairs was brutally reedited for China, so much so that the filmmakers never bothered releasing the follow-ups in China.
Ann Hui, often critical of China's oppressive stance towards women, would also be a victim.
So a lot of Hong Kong studios are shipping out their inventory as long as they still have it.
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