Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Ride-hailing | Committee receives over a thousand public submissions; about 70% believe 10k quota is insufficient, suggest raising or even removing the cap.
The Legislative Council Subcommittee on Subsidiary Legislation Related to the Regulation of Ride-hailing Services invited stakeholders to submit opinions on the relevant legislation by July 15 on June 8. According to our newspaper's tally of approximately 1,120 public submissions, about 70% believe that 10k ride-hailing licenses are insufficient and suggest raising or even removing the cap. The authorities reiterated that the quota of 10k is prudent and stable, and they will review whether adjustments are needed in due course.
The Transport and Logistics Bureau submitted a document to the Legislative Council yesterday (June 30), stating that the committee received a total of 1,221 submissions, of which 25 were from groups, including transportation organizations; ride-hailing platforms Uber and Gaode Taxi; taxi groups such as the Hong Kong Taxi Council and the Hong Kong Taxi and Public Light Bus Association, etc. The remaining submissions were from the public. Excluding dozens of documents restricted to committee members only, our newspaper tallied approximately 1,120 submissions, of which at least 763 people, or nearly 70%, believe that issuing 10k ride-hailing licenses is insufficient or oppose setting a cap on the number of licenses.
Some citizens described issuing 10k licenses as "out of touch with reality," expressing concerns about increased waiting times and negative impacts on travel experiences for residents and tourists. The public proposed raising the quota to between 15k and 50k. Other citizens believe that 10k quotas are too conservative and suggest removing the cap, allowing the market to adjust freely. Some opinions stated that issuing 10k licenses is too many, posing excessive impact on the taxi industry, and suggested issuing only 2,000. They also recommended that ride-hailing licenses should be prioritized for current taxi drivers to apply.
Uber reiterated that the cap of 10k licenses is below the travel demand of citizens, urging the government to re-examine or dynamically adjust the cap before the full implementation of the regulations. Didi Chuxing supports starting with 10k licenses and suggests the government continuously refer to market supply and demand changes, waiting times, etc., to review the system's operation based on actual conditions.
Bureau Says It Has Fully Heard Opinions and Will Review Based on Data in the Future
In response to opinions that the cap of 10k licenses is insufficient to meet ride-hailing service demand, the Transport and Logistics Bureau stated that the government has fully listened to opinions from all sectors of society and comprehensively considered point-to-point service demand data, believing that the current quota is a prudent, stable, and appropriate approach to ensure a smooth implementation of the ride-hailing service regulatory system. The government will refer to data submitted by platforms in the future, conduct comprehensive dynamic assessments, and review whether adjustments to the number of ride-hailing vehicles are needed in a timely manner.
The Bureau also pointed out that ride-hailing vehicles must complete a specified number of trips within a designated period for their vehicle permits to be renewed, but there will be no restrictions on the online hours of ride-hailing drivers, retaining greater flexibility to allow drivers to provide services and adjust capacity according to their own operational needs and market demand.