Hong Kong ride-hailing rules must ensure safety, fair competition with taxis: John Lee
Advertisement
Chief Executive John Lee Ka-chiu also said that, despite the complexity of the issue, the city should no longer delay addressing it.
'There has been a lack of a regulatory framework since the first online ride-hailing service platform entered the Hong Kong market in 2014, while the quality of taxi services also fails to meet residents' expectations,' Lee said.
He added that a lot of issues, from passenger protection and quality of drivers to how cabbies and ride-hailing operators could coexist, had emerged over the years but had yet to be sorted out.
'I agree that the issue is complicated, but the problem should no longer be dragged on and that the government should come up with solutions,' he said.
John Lee has said the proposal must ensure quality and safety of such services, while safeguarding the livelihoods of taxi drivers. Photo: Jonathan Wong
Lee said the Transport and Logistics Bureau would submit the relevant paper to the legislature on Tuesday afternoon.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Standard
an hour ago
- The Standard
Deep Water Pavilia II 21 times oversubscribed in second sales round
Cannas Ho Ka-Yan, director of sales and marketing for special projects at New World Development, second left. Photo from New World Development.
South China Morning Post
an hour ago
- South China Morning Post
Inflation, political turmoil won't put investors off Japanese property
Japan has entered a period of profound change. Inflation has returned after decades of deflation and stagnation. Japan's relations with the United States, which helped underpin the post-war global order, have deteriorated dramatically. A culturally homogenous nation is experiencing an epic boom in tourism More surprisingly, a country renowned for political stability is at risk from the anti-establishment populism that has upended politics in other advanced economies. The ruling Liberal Democratic Party and its junior coalition partner Komeito lost their majority in the upper house of parliament in an election on July 20. New parties – in particular a hard-right, anti-immigrant party called Sanseito – made strong gains by capitalising on public disquiet over the surge in prices and the influx of foreign tourists and migrants, accentuating the double-edged sword of inflation. The two sides to rising prices – especially their causes and side effects, which include the 28 per cent fall in the yen versus the US dollar since March 2022 – are particularly apparent in Japan's property sector. The prospect of a virtuous cycle of rising prices and wages that stimulates domestic demand and facilitates structural reforms is one of the big themes in Asian real estate. Private equity fund KKR, a big investor in Japanese real estate, said last year that 'Japan's economic reawakening and the big shifts occurring in Japanese society make for attractive investment opportunities'. The country's commercial property investment market accounted for more than a third of transaction volumes in the region in the first quarter of 2025. Moreover, rental growth has taken hold, with rents for grade A offices in Tokyo increasing at one of the fastest paces among the major office markets in the Asia-Pacific region in the second quarter of 2025. Rent increases in Japan's professionally managed rental housing, or multifamily, sector have become a key driver of investment, helping to compensate for the sharp fall in rental yields.
South China Morning Post
an hour ago
- South China Morning Post
China's US$167 billion dam, anti-involution campaign to sustain stock rally, investor says
China's 1.2 trillion yuan (US$167.4 billion) hydropower project in Tibet and efforts to curb capacity in some industries could sustain a market rally – which has driven shares to three-year highs – and pave the way for bolder policy moves to support growth, according to a veteran investor. The massive investment combined with a so-called anti-involution campaign to eliminate excessive output in the solar and electric vehicle (EV) sectors would probably boost commodity prices by restricting supply, said Hong Hao, chief investment officer at Lotus Asset Management, which has US$500 million of assets under management. Rising commodity prices could alleviate deflation in producer prices and foreshadow an improvement in household spending, he added. 'Historically, rising commodities have led China's producer-price index cycle by about six months,' said Hong. 'We expect such a correlation to persist. The producers will hire more [employees], consumers will earn more and spend more. Eventually, if everything falls into place, a virtuous price and growth cycle should rejuvenate [the economy].' Hong, who previously worked for China International Capital Corp and Grow Investment Group, correctly predicted a stock bubble would burst in 2015. 01:19 China breaks ground on world's largest hydropower dam in Tibet China breaks ground on world's largest hydropower dam in Tibet Beijing's investment in the Yarlung Tsangpo River project, as well as the anti-involution drive, might convince investors that these two events could further bolster the prospects of Chinese stocks. The Shanghai Composite Index and the Hang Seng Index both reached their highest levels in three and a half years this month, buoyed by easing US-China trade tensions and better-than-expected first-half gross domestic product growth. The Yarlung Tsangpo project – reminiscent of the Hoover Dam, built on the Colorado River during the Great Depression – sends a signal to investors that further policy support for the economy was imminent, as a boost from trade-in programmes subsidising household appliances and EVs was quickly fading, Hong said.
