Tag Archives: China

     Following is a question by the Hon Elizabeth Quat and a reply by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, in the Legislative Council today (October 14):

Question:

     Computing power is the most crucial factor of production in the era of artificial intelligence. Regarding supporting the development of the intelligent computing industry, will the Government inform this Council:

(1) as it is learnt that the total supply of computing power in Hong Kong is currently insufficient, and that the utilisation rate of existing computing power facilities (including Cyberport’s Artificial Intelligence Supercomputing Centre) has long remained high with demand exceeding supply, resulting in an interim gap in the supply of computing power in Hong Kong before the Sandy Ridge Data Facility Cluster comes into operation, and the industry has further pointed out that even after the operation of the cluster, the computing power will still be insufficient to support development needs, of the short-, medium- and long-term measures to support the development of the industry;

(2) whether it will expedite the study on the development of a “computing power exchange” and the establishment of mechanisms for the certification, trading, settlement and pricing of computing power, so as to transform Hong Kong’s traditional financial strengths into advantages in resource allocation in the era of AI, as well as explore ways to leverage the collaboration model with other Mainland cities to open up a new channel for “tokens going global”; and

(3) as there are views that the existing planning has not fully taken into account the enormous demand for water and electricity required for developing the intelligent computing industry, whether the Government will study the construction of a “dedicated water and electricity supply corridor for the intelligent computing industry” from the Mainland to Hong Kong, and negotiate the addition of a “dedicated cooling water quota for the intelligent computing industry in the Northern Metropolis” under the existing Dongjiang water supply agreement?

Reply:

President:

     The First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) identifies AI as an important industry for the future development of Hong Kong. The Hong Kong Special Administrative Region Government will actively promote the development of computing infrastructure, fostering the healthy development of AI and the intelligent computing industry.

     In response to the question raised by the Hon Elizabeth Quat, upon consulting the Development Bureau, the Environment and Ecology Bureau and the Financial Services and the Treasury Bureau, our reply is as follows:

(1) Hong Kong’s overall computing power has reached 5 000 peta floating-point operations per second (PFLOPS), of which Cyberport’s Artificial Intelligence Supercomputing Centre (AISC) accounts for 3 000 PFLOPS. The current utilisation rate of the AISC has exceeded 90 per cent, reflecting strong market demand for AI computing services. The Government will proactively increase the supply of computing power and enhance resource utilisation through short, medium and long-term measures.

     In the short term, the Government will make good use of existing facilities and the Artificial Intelligence Subsidy Scheme (AISS) to support the research and development, model training and application needs of local research institutes, universities and enterprises. The Committee of the AISS will review arrangements for the allocation of computing power resources and their duration of use as appropriate, having regard to the actual needs of the subsidised projects and overall status of resource utilisation, with a view to enhancing its efficiency. Cyberport will also continue to review the service capacity of the AISC and future demand, and explore feasible options for increasing its computing power.

     In the medium term, the construction of the Sandy Ridge Data Facility Cluster has already commenced. The site will be developed into a regional data facility cluster of advanced data centres and related industries. It is expected to commence its first phase of operations in 2027 and become fully operational in or before 2032, when it will provide 180 000 PFLOPS of computing power, substantially increasing Hong Kong’s computing power.

     In the long term, the Government is preparing to commission a new consultancy study on computing power to analyse Hong Kong’s future demand. Guided by the core directions of “high efficiency computing power, stable electricity supply, low-carbon transition”, the study will optimise the operations of data centres and the layout of computing power in Hong Kong, providing a basis for planning the long-term development of Hong Kong’s intelligent computing industry.

(2) In the long run, the Government recognises that Hong Kong has the strengths and potential to support the development of activities such as computing power trading and the provision of token-based AI services to overseas markets. At present, however, the priority of Hong Kong is to strengthen its computing power infrastructure. From the perspective of financial markets, establishing a comprehensive product ecosystem, including relevant trading, settlement and price discovery mechanisms requires the foundation of a mature underlying market and a sound market ecosystem.  

     At this stage, the Government will focus on developing Hong Kong’s intelligent computing industry and supporting infrastructure to strengthen the computing power supply. We will also closely monitor the latest developments in the intelligent computing industry in the Chinese Mainland and overseas, maintain communication with the industry, and explore arrangements that can enhance the efficiency of computing power resource allocation and promote the development of AI and the intelligent computing industry.

     On regional collaboration, the Government will continue to leverage Hong Kong’s roles as a “super connector” and a “super value-adder” to strengthen co-operation with other cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in areas such as computing power resources and market development. We also welcome service providers, including operators of computing power facilities in the GBA, to provide services to Hong Kong enterprises in response to market demand.

     As regards cross-boundary AI and computing services, including the provision of token-based AI services to overseas markets, their development must take into account factors such as data flows, cybersecurity, personal data protection, and applicable laws and regulations. The Innovation, Technology and Industry Bureau is facilitating cross-boundary co-operation and AI innovation through the facilitation measure of the Standard Contract for the Cross-boundary Flow of Personal Information within the Guangdong-Hong Kong-Macao Greater Bay Area (Mainland, Hong Kong), as well as efforts to promote the secure flow of Mainland scientific research data to the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, etc. The Government will work together with the industry and relevant stakeholders to actively explore co-operation models conducive to the long-term development of AI industry in Hong Kong, further enhancing Hong Kong’s competitiveness as an international hub for AI and intelligent computing services.

(3) In planning the development of the intelligent computing industry, the Government will review the supporting water and electricity infrastructure in parallel. The planned development of the industries with high water consumption in the Northern Metropolis (NM) is mainly concentrated in San Tin, Sandy Ridge and Hung Shui Kiu/Ha Tsuen. Having considered the latest development needs of the NM, including the planning information on the intelligent computing industry from the Digital Policy Office, the preliminary assessment of the Water Supplies Department (WSD) indicates that the area as a whole has sufficient supplies of fresh water and recycled water to complement its development.

     To address the water requirements of cooling systems during the operation of intelligent computing facilities, the Government will continue to encourage enterprises to adopt water-saving technologies and make good use of different water sources, including the appropriate allocation of fresh water and recycled water for cooling purposes. To provide a stable and economical water supply, the Government will consider factors such as projected water demand and the associated timetable, cost-effectiveness, the availability of fresh water in the vicinity, and the availability of effluent from tertiary sewage treatment for producing recycled water. The WSD will upgrade water supply infrastructure as appropriate to meet specific needs. There is no need to establish a dedicated water supply corridor or quota for the intelligent computing industry at this stage.

     On electricity supply, the two power companies are required under the Scheme of Control Agreements to provide, operate and maintain sufficient electricity-related facilities and supply electricity to meet demand. The CLP Power Hong Kong Limited has undertaken construction and planning work to meet the electricity demands of Hong Kong’s future development, which would be sufficient to support the overall development of the I&T industry (including data centres). read more

     The Innovation and Technology Commission announced today (October 14) that the Pilot Innovation and Technology Accelerator Scheme (PITAS) Assessment Committee (the Assessment Committee) under the Innovation and Technology Fund has supported in principle nine applications. The list is as follows:
 

• BJ-HK-SZ Innotech Accelerator Limited
• China Outbound Accelerator Limited
• China Resources Corporate Services (HK) Limited
• Hong Kong Branch of The National Torch Academy of Innovation and Entrepreneurship Co., Limited
• Surrich Consulting Co., Limited
• Tenwings Accelevator Company Limited
• ventureLAB Smart City Accelerator Limited
• Xi’an Jiaotong University Hong Kong Institute of Advanced Studies Co., Limited
• Zhong Xing No.1 Investment Fund Limited

     The Secretary for Innovation, Technology and Industry, Professor Sun Dong, said, “The nine selected organisations possess extensive networks and resources in areas such as AI, robotics, biomedicine, new energy and new materials. They will provide value-added services including co-working space, research and development support, investment matching and market development to accelerate the growth of innovation and technology (I&T) companies in Hong Kong. The Hong Kong Special Administrative Region Government will continue to enhance the I&T ecosystem and develop Hong Kong into an international I&T centre.”

     PITAS aims to attract professional I&T enterprise service providers with proven track records in and beyond Hong Kong to set up accelerator bases in Hong Kong and, through their business networks and expertise, support the development and needs of I&T enterprises in a more comprehensive and targeted manner. Under PITAS, the Government will provide funding support on a one‑to‑two matching basis between the Government and the service provider to cover the necessary expenditure for establishing and operating an I&T accelerator to a ceiling subsidy of $30 million. The project duration is up to three years. 

     Upon its launch, PITAS received an enthusiastic response with over 50 applications. The Assessment Committee selected the above nine organisations for funding support based on a series of assessment criteria, including the experience of I&T enterprise service providers, operational models, capital and resources, quality of the management and project teams, and expected benefits to the I&T ecosystem in Hong Kong, etc.

     Details of PITAS are available on the website below (www.itf.gov.hk/en/funding-programmes/supporting-start-ups/pitas). For enquiries, please contact the Secretariat of the scheme (Tel: 3543 5904; email: pitas@itc.gov.hk). read more

     The Financial Secretary, Mr Paul Chan, today (October 14) continued his visit to Nanjing with a delegation, meeting with the leadership of Jiangsu Province and visiting advanced manufacturing and pharmaceutical enterprises.

     Mr Chan had a breakfast meeting with member of the Standing Committee of the CPC Jiangsu Provincial Committee and Executive Vice Governor of Jiangsu Province, Mr Zhang Wenbing, this morning. They exchanged views on deepening economic and trade co-operation between Jiangsu and Hong Kong, strengthening collaboration in innovation and technology (I&T), and supporting enterprises in their international expansion. Mr Chan said that the visit had strengthened the delegation’s ties with the Jiangsu Provincial Government, universities, I&T institutions and enterprises. Hong Kong will actively follow up on various co-operation projects to deliver more concrete results in Jiangsu-Hong Kong co-operation.

     The delegation then visited a Jiangsu-based enterprise specialising in energy and energy-saving equipment to learn about its technology research and development (R&D), commercialisation of research outcomes and business development. With high-efficiency heat transfer technology at its core, the enterprise develops and manufactures key equipment for sectors such as clean energy and chemicals. Its technologies are also applied to industrial waste heat recovery and efficient energy use, helping industries conserve energy, reduce carbon emissions and pursue green transformation.

     The delegation also visited a pharmaceutical enterprise to learn about its drug R&D, production and global marketing operations. They met with the enterprise’s management to learn about its future development plans, including the use of artificial intelligence to enhance drug R&D efficiency, the development of cutting-edge therapies, and strategies for expanding its international business.

     During the visits to the two enterprises, Mr Chan said that I&T is a key area of co-operation between Jiangsu and Hong Kong. The two places have ample scope for collaboration in technology R&D, the commercialisation of research outcomes and international market expansion. They can further promote two-way investment and personnel exchanges, and work together to foster deeper integration of technological and industrial innovation. On innovative drugs, enterprises can leverage Hong Kong’s strengths in drug R&D and the opportunities arising from reforms of its drug approval regime to accelerate the development, application and market expansion of innovative drugs.

     He encouraged the two enterprises to make good use of Hong Kong’s internationally connected capital markets, experience in aligning with the highest international standards, high-quality professional services, and strengths as a hub for international financial institutions and talent, to scale up their businesses and bring more competitive technologies, products and solutions to overseas markets.

     Mr Chan and the delegation concluded their visit to Nanjing this afternoon and will return to Hong Kong in the early evening.

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     Following is a question by the Hon Nixie Lam and a reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (October 14):

Question:

     It has been reported that, over the years, unlawful organisations have operated illegal gambling activities through online platforms and used concealed channels, such as stooge accounts, to handle gambling funds. In this connection, will the Government inform this Council:

(1) in the light of the distinctive nature of illegal online gambling, under which betting funds are transferred through online channels, of the measures the authorities have put in place to support financial institutions in introducing smart technology systems that can automatically detect and proactively intercept transactions relating to illegal betting, and issue risk alerts to members of the public in a timely manner;

(2) of the number of persons arrested in the past three years for money laundering activities involving the use of stooge accounts to handle money from illegal betting, and among such cases, the total number of those in which prosecutions were successful, with a breakdown by type of stooge account (e.g. bank accounts and electronic wallet accounts); and

(3) as it is learnt that criminal syndicates commonly disseminate information on illegal betting through social media, messaging applications and key opinion leaders, whether the authorities will, with reference to overseas experience, enact legislation requiring online platforms to discharge statutory duties to screen, remove and report information relating to illegal betting, and empowering law enforcement agencies to mandate platforms to remove unlawful content, ban offending accounts and block traffic, while at the same time formulating a penalty mechanism for platforms, with a view to combating the promotion of illegal gambling at source; if so, of the specific legislative approach and timetable; if not, the reasons for that?

Reply:

President,

     Illegal gambling is an indictable offence under the Gambling Ordinance (Cap. 148). Pursuant to the Organized and Serious Crimes Ordinance (Cap. 455) (OSCO), any person who knows or suspects that any property is connected with the proceeds of an indictable offence, including illegal gambling, is required to promptly file a suspicious transaction report (STR) with the Joint Financial Intelligence Unit (JFIU).

     Having consulted the Home and Youth Affairs Bureau, the Security Bureau, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), my reply to the three parts of the question is as follows:

(1) Under the existing regulatory framework, various regulated entities (including banks and stored value facility (SVF) licensees regulated by the HKMA, as well as licensed corporations and licensed virtual asset trading platforms regulated by the SFC) must establish effective and appropriate anti-money laundering and counter-financing of terrorism (AML/CFT) controls, covering customer due diligence, transaction monitoring, and suspicious transaction reporting.

     Regarding transaction monitoring, regulated entities are required to establish ongoing monitoring and transaction monitoring systems that are commensurate with the nature, size and risk profile of their businesses to promptly identify transactions inconsistent with a client’s background or financial profile. Depending on the level of risk identified, regulated entities should adopt appropriate measures, such as conducting stricter customer due diligence, verifying client instructions, restricting or suspending transactions, and refusing to execute transactions. In addition, after filing STRs, regulated entities have to co-operate with law enforcement agencies on their follow-up actions as appropriate, including restricting or suspending the operation of relevant accounts, and restraining or freezing relevant assets, in accordance with the directions of law enforcement agencies or court orders.

     The HKMA and the SFC have respectively issued detailed guidelines pursuant to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), setting out the AML/CFT controls that various regulated entities should implement to combat money laundering and terrorist financing (ML/TF) activities.

     To assist the industry in more promptly and accurately identifying and mitigating ML/TF risks, the HKMA and the SFC will continue to engage with the industry and promote the responsible use of technologies such as artificial intelligence. Specifically, the HKMA has organised various industry sharing sessions to encourage banks and SVF licensees to enhance their application of new and emerging financial technologies and assist them in applying artificial intelligence within their transaction monitoring systems, thereby enhancing their ability to detect illicit financial activities. Meanwhile, in November 2024, the SFC published the Report on the Adoption of Regtech for Anti-Money Laundering and Counter-Financing of Terrorism to share practical use cases and good practices adopted by licensed corporations in key AML (Anti-Money Laundering) processes such as customer due diligence, transaction monitoring, and management information reporting. The aim is to encourage and assist the industry in adopting Regtech (including artificial intelligence) more widely in a responsible manner according to the nature, scale and risk profile of their businesses, thereby enhancing the effectiveness of AML efforts.

     In respect of intelligence sharing, the HKMA and the SFC have maintained close co-operation with the Hong Kong Police Force (HKPF) and the industry to share intelligence in a timely manner, including the latest ML (Money Laundering) typologies and modus operandi, related fund flows, the use of stooge accounts, and red flag indicators of suspicious transactions, with a view to assisting regulated entities in promptly updating their transaction monitoring scenarios and risk-mitigating measures. In addition, the Fraud and Money Laundering Intelligence Taskforce, an intelligence-sharing platform comprising the HKPF, the HKMA, banks, and SVF licensees, has circulated multiple alerts to share emerging threats and the latest modus operandi regarding illegal gambling with the industry.

(2) Section 25 of the OSCO stipulates that a person commits an offence (i.e. ML) if they deal with any property that they know or have reasonable grounds to believe represents the proceeds of an indictable offense, including illegal gambling. Apart from using stooge accounts to launder money, selling or lending bank accounts to be used as stooge accounts may also constitute the aforementioned criminal offence. Over the past three years, statistics on the numbers of persons arrested, prosecuted and convicted for ML involving stooge accounts are set out in the Annex.

(3) As a matter of policy, the Government does not encourage gambling. To address the possible problems brought by gambling, the Government adopts a multi-pronged strategy including law enforcement against illegal gambling activities, public education on the harms of gambling addiction, provision of counselling and support services to people in need, and regulation over gambling activities through legislation. The HKPF has been closely monitoring the trend of illegal gambling crimes, conducting cyber patrols and gathering intelligence through different channels, and taking appropriate intelligence-led enforcement actions against these illegal activities. Besides, the HYAB established the Ping Wo Fund (PWF) in 2003 to finance both preventive and remedial measures to address gambling-related problems.

     To address problems arising from illegal online gambling, the PWF has accorded priority to providing funding support for initiatives relating to the prevention of online gambling activities since 2020. The PWF has been disseminating anti-gambling messages to the public through various channels, and will continue to remind the public that participating in illegal gambling (such as betting with an illegal bookmaker) is an offence under the Gambling Ordinance, regardless of whether it takes place online or offline, such as placing bets with an illegal bookmaker through a simple tap on mobile phone. Upon conviction, an offender is liable to a maximum penalty of a $50,000 fine and imprisonment for nine months. Furthermore, under the Gambling Ordinance, no person shall, whether online or offline, knowingly promote or facilitate bookmaking or betting with a bookmaker. Upon conviction, an offender is liable to a maximum penalty of a $5 million fine and imprisonment for seven years. Through various publicity and education programmes, we will continue to enhance public awareness, particularly among young people, on the harms of gambling addiction and the legal consequences of participating in illegal gambling, with a view to further strengthening public awareness of anti-gambling.

     Thank you, President. read more

     Following is a question by the Hon Chris Ip and a reply by the Secretary for Transport and Logistics, Ms Mable Chan, in the Legislative Council today (October 14):

Question:

     Some residents in the New Territories have complained that it is difficult to hire New Territories taxis (commonly known as “green taxis”) to travel to destinations in the New Territories during peak hours, and that when they attempt to take urban taxis (commonly known as “red taxis”) plying for hire at taxi stands, they have repeatedly been subjected to refusal of hire. In this connection, will the Government inform this Council:
 
(1) of the number of complaints received by the authorities and the number of drivers with points incurred since the implementation of the Taxi-Driver-Offence Points system, with a breakdown by the nature of the offences; the number of drivers who have been disqualified from driving a taxi due to accumulated points;
 
(2) as there are views pointing out that drivers of red taxis plying for hire at public transport interchanges provided with both New Territories and urban taxi stands generally expect to pick up passengers travelling to urban areas, whether the authorities will, by drawing on the operational model of cross-harbour taxi stands, set up dedicated taxi stands at some interchanges for passengers bound for urban areas; if so, of the details; if not, the reasons for that; and
 
(3) as there are views that point-to-point transport demand in the New Territories will continue to increase in the future, whether the Government will, apart from adjusting the number of ride-hailing vehicle licences, review the number of taxi licences in a timely manner or enhance the existing service arrangements for urban and New Territories taxis; if so, of the details; if not, the reasons for that?
 
Reply:

President,

     The Government has all along endeavoured to enhance taxi service quality and improve the trade’s image. Over the past few years, the Government has implemented a series of measures, including introducing taxi fleets, enhancing the taxi written test, implementing the Taxi-Driver-Offence Points (TDOP) system and the two-tier penalty system, as well as requiring all taxi drivers to accept electronic payments. In addition, Journey Recording Systems, comprising the functions of a dash camera, an in-vehicle recording system and a global navigation satellite system, will be gradually installed in taxi compartments starting from this year, with a view to enhancing passenger experience and deterring malpractices of taxi drivers.

     My reply to the Hon Ip’s question is as follows –
 
(1) The TDOP system has officially come into effect on September 22, 2024, covering 11 relatively serious taxi-driver-related offences under the legislation. A taxi driver who is convicted of any of these offences or is liable to pay a fixed penalty will incur the corresponding points. In accordance with the law, a taxi driver must not, without reasonable excuse, willfully refuse or neglect to accept a hire, nor refuse or neglect to drive the taxi to any place indicated by the hirer (refusing hire). The Police has all along been handling cases involving refusing hire seriously, and will seek advice from the Department of Justice and initiate prosecution if there is sufficient evidence. Any person who commits refusing hire will incur with the maximum of 10 points under the TDOP system.
 
     As of October 2, 2026, a total of 229 taxi drivers had incurred points, of which 125 cases were for refusing hire. Out of all the 229 drivers with points incurred, three drivers have been disqualified from driving a taxi (for a period of three months) owing to an incurrence of 15 points or more. Breakdown is set out at Annex I.
 
     In addition, from the implementation of the TDOP system to August 2026, the Transport Department (TD) had received a total of 5 944 taxi-driver-related complaints, of which 605 cases involved refusing hire. Breakdown is set out at Annex II. Upon receipt of complaints, TD will conduct investigations and refer them to the law enforcement agency for follow-up depending on the nature of the cases. TD will also issue letters to the taxi owners or drivers concerned to request explanations, reminding them to comply with the legislation and pay attention to their service attitude, with a view to keeping up service quality.
 
(2) In accordance with the law, New Territories (NT) taxis have designated operating areas, which mainly cover the north-eastern NT (i.e. north of Sha Tin) and the north-western NT (i.e. north of Tsuen Wan), and their fares are lower than those of urban taxis. On the other hand, urban taxis can pick up passengers and take them anywhere (except Tung Chung Road and roads in South Lantau).

     TD has set up urban and NT taxi stands at locations with concentrated passenger demand, such as the Hong Kong International Airport and various land boundary control points, with a view to facilitating the diversion of passengers heading for different areas. At present, the operation is generally smooth. However, I must emphasise that a taxi driver must not refuse a hire without reasonable excuse according to the law. In other words, drivers at urban taxi stands are also required to proceed to any destination indicated by the hirers, including the NT. Setting up designated taxi stands for specific destinations may not cater for the diverse point-to-point transportation demand of passengers and may cause confusion (especially for tourists). Therefore, we consider that maintaining the current simple and clear arrangement is more appropriate and preferable.
 
(3) The Government has been upholding the public transport-oriented policy with railway as the backbone, complemented by well-networked mass transport modes (such as franchised buses and the Light Rail) to provide efficient services for the public. On the other hand, public light buses and taxis play a supplementary role, with the latter providing personalised point-to-point services, currently accounting for about 6 per cent of the overall public transport patronage.

     At present, there are 18 163 registered taxis in Hong Kong (with NT taxis accounting for 2 838). With the regional development of the NT, there is a steady demand for taxi services in many parts of the region. It is therefore necessary to maintain the arrangement of NT taxis to ensure adequate services available to passengers travelling between districts within the NT as well as residents in rural and remote areas of the NT. In the future, we will continue to optimise the operational arrangements for NT taxis. Firstly, in response to changes in demand, new development areas (including the Northern Metropolis), and the commencement of major infrastructure facilities, we will conduct timely reviews on the permitted operating areas of NT taxis. For example, operating areas of NT taxis have been expanded to cover the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port and the Hong Kong Port Area of the recently commissioned Huanggang Port. Last year, as part of the efforts to optimise airport operations, the Government also permitted NT taxis to operate on the newly designated pre-booked pick-up area and associated roads.

     Furthermore, to better understand passengers’ demand for taxi services and the operating status of the taxi trade, TD conducts annual surveys on the overall taxi service level. According to the survey conducted in early 2026, the overall supply of taxis has remained largely stable in recent years. We will continue to closely monitor the situation and maintain communication with the taxi trade, so to ensure the stable and orderly provision of taxi services and the healthy development of the trade.

     Meanwhile, to enhance personalised point-to-point public transport services, the Government has introduced a regulatory regime for ride-hailing services through legislation, thereby providing passengers with more safe and compliant transport options. We will also require licensed platforms to provide taxi-hailing services to facilitate commuters. When licensed ride-hailing platforms commence operation in the future, we will have a full understanding of the platforms’ operational data, closely monitor market developments, and take holistic account of the operating environment of taxis, in the course of conducting a dynamic assessment of demand and supply.

     The Government will continue to promote the complementary strengths and healthy competition between taxis and ride-hailing vehicles on the premise of maintaining the efficient operation of the public transport system, with a view to fostering the long-term healthy development of the personalised point-to-point transport service industry.

     Thank you, President. read more