Hong Kong authorities have decided on a quota of 10,000 permits for ride-hailing services as part of a new regulatory framework. This decision aims to balance public demand with service provision.

Hong Kong authorities have finally set the quota for ride-hailing service permits at 10,000 vehicles as part of their long-winding push to introduce a regulatory regime, the South China Morning Post has learned. A source said authorities would submit a consultation paper to the Legislative Council as early as late Tuesday to seek lawmakers’ feedback before gazetting the proposal later. “They believe that the number of licences issued can cater to the public’s commuting needs, keeping passengers’...