An advisory panel believes that issuing only 'several thousand' ride-hailing licences in Hong Kong will not meet market demand and could compromise existing services.

Issuing “several thousand” licences to ride-hailing vehicles under a proposed regulatory framework will be insufficient to meet demand, a Hong Kong government transport advisory body has said, calling for a quota that will not compromise existing services. Speaking after meeting government officials on Monday, Professor Wong Sze-chun, chairman of the Transport Advisory Committee, said members did not suggest specific numbers for ride-hailing platforms, vehicles or driver licences. “[A level of]....