Transport authorities to finalise cap on ride-hailing vehicles ahead of Legco break

Hong Kong authorities plan to finalise the maximum number of ride-hailing vehicles allowed on the city’s roads and the technical details of a long-awaited regulatory regime before pushing them through as law ahead of the legislature’s recess in mid-July. In a document submitted to the Legislative Council on Monday, the Transport and Logistics Bureau also specified penalties for ride-hailing platform operators over non-compliance. They could face up to a HK$1 million (US$127,720) fine and 12...