Hard to tell your rights unless you mention the itinerary.
I assume that both segments are on the same ticket and also CX.

Different countries have different rules.
Looking at the screenshot you posted, as well as the departure time, you seem to originate from Canada.Then APPR rules apply:
You can check how much compensation your are owed for an arrival delay at your final destination here:
https://otc-cta.gc.ca/eng/publicatio...ations-a-guide
It assumes that the delay is within the airline control..

If you are only ticketed to HKG, only the arrival time at HKG counts, if you are ticketed to a further final destination, then the arrival time at that destination counts.