Uber has described Hong Kong's proposed cap on ride-hailing licenses as 'unusual' and is urging authorities to consider existing demand. The company insists on its long-term commitment to the city's market.

Uber has described Hong Kong’s plan to cap the number of ride-hailing vehicle licences as “unusual”, as the city enters the final stage of shaping its regulatory regime. Andrew Byrne, the company’s US-based global head of public policy, was in Hong Kong on Thursday, where he urged authorities to consider existing demand when setting any cap. The proposed ceiling has sparked controversy. Some lawmakers suggest the government may issue between 10,000 and 15,000 licences, while taxi groups argue...