The Hong Kong government gazeted the Road Traffic (Amendment) (Ride-hailing Service) Bill 2025 today (5th), requiring ride-hailing platforms, vehicles and drivers to obtain licenses or permits. The maximum vehicle age for ride-hailing services will be relaxed from the originally proposed 7 years to 12 years. Regarding concerns from the taxi industry that the government's requirement for taxi fleets to have vehicles no older than 3 years creates competition with the more lenient restrictions on ride-hailing services, Secretary for Transport and Logistics, Mable Chan, said that the two operate in distinct market segments. Related NewsDBS Reiterates Positive Outlook on HK Stocks, Favors Tech/ Non-bank Financial Sectors; Interim Results from ~38% of HK-/ CN-Listed Firms BeatRide-hailing vehicles typically do not provide full-time services, and the innovative fleet brands are expected to coexist and complement each other.