Hong Kong's transport minister described the cap of 10,000 vehicle permits for ride-hailing services as a 'prudent starting point.' The government plans to adjust the quota dynamically based on operational data.

Hong Kong’s cap of 10,000 vehicle permits for ride-hailing services is a “prudent and safe starting point” and the government will dynamically adjust the quota based on operational data, the city’s transport minister has said. The quota, revealed on Tuesday, prompted lawmakers to call for frequent reviews in the initial months after the scheme’s launch and swift government intervention if services proved insufficient. Speaking to the media on Wednesday, Secretary for Transport and Logistics...