Hong Kong will introduce various tax incentives for new finance and technology industries to attract businesses and reinforce the city’s role as a leading financial hub, the city leader has announced in his policy address. Tax concessions to draw intellectual property (IP) businesses and selected industries to the city were among the new measures Chief…
Hong Kong authorities have opened licence applications for ride-hailing platforms under a new regulatory scheme, saying operators must have a proven track record of providing legal services in a city with a population of more than 7.5 million, while handling over 100,000 daily orders in at least two cities. Announcing the licensing terms on Friday,…
Hong Kong Aircraft Engineering Company (Haeco) has signed a memorandum of understanding with the country’s largest independent aircraft lessor to set up a maintenance centre in the city, forging what authorities described as a “powerful alliance” between industry giants. The Transport and Logistics Bureau on Thursday revealed that Haeco, a sister company of flag carrier…
Hong Kong authorities have invited interested parties to submit expressions of interest to develop land parcels set aside for a modern logistics cluster under the Northern Metropolis megaproject. The Transport and Logistics Bureau and the Civil Engineering and Development Department said the sites would meet long-term demand, promote the development of modern logistics and reinforce…
Hong Kong transport authorities have ordered the operator of a major road link feeding the airport to explain its handling of an accident that paralysed traffic during evening rush hour, leaving commuters fuming. Traffic between Lantau Island and Kowloon was snarled for more than three hours after a medium goods vehicle overturned following a collision…
Hong Kong delivery company Lalamove and professional services firm EY have joined forces and jumped on the “low-altitude economy” bandwagon in the hopes of expanding their reach in the Greater Bay Area and transforming conventional business. The companies told the South China Morning Post that the collaboration would leverage Lalamove’s logistics platform and EY’s services…
Hong Kong authorities plan to invite ride-hailing platforms to apply for operator licences as early as next month and will begin approving them in batches from the end of November, the city’s transport minister has said. Secretary for Transport and Logistics Mable Chan laid down the timeline on Thursday as lawmakers completed the negative vetting…
Hong Kong authorities have relaxed a recent proposal requiring mandatory annual medical check-ups for commercial vehicle drivers aged 65 to 69, reducing the frequency to twice in five years following an industry backlash. The proposal, set to take effect in mid-2027, will reduce the age threshold for mandatory medical certification for commercial vehicle drivers from…
Two mainland Chinese ride-hailing operators in Hong Kong have backed a controversial plan to regulate the industry by capping vehicle permits at 10,000, a figure the city’s largest American business chamber considers insufficient. In submissions to the Legislative Council on Monday and in recent days, Amap and Didi Chuxing said they supported the Transport and…
Hong Kong transport authorities will “actively explore” the secure storage of ride-hailing data ahead of new regulations for the industry due to take effect in August, as part of efforts to ensure compliance with national security requirements. Secretary for Transport and Logistics Mable Chan on Monday stopped short of revealing whether data about users collected…