'New Fines For Ride Hailing Services Too Mild'
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1442259_1_20190211111234.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1442259-20190211.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1442259-20190211.htm', 'DCS.dcsqry', '' ); } } }); }); });
2019-02-11 HKT 11:31
Share this story
Frankie Yick speaks to RTHK's Janice Wong
Transport sector lawmaker Frankie Yick said on Monday that the government's plan to increase the penalty for drivers of ride hailing services like Uber does not go far enough.
The Transport Department on Friday proposed doubling the penalty for the illegal carriage of passengers for hire from HK$5,000 to HK$10,000 on first conviction. For subsequent convictions, the fine would be increased from HK$10,000 to HK$25,000.
But Yick said the government's plans are not strong enough and they should also confiscate the vehicle being used.
"It's too mild. It doesn't really help because they just raise one level. It depends on the court's judgement at the end of the day. If you look at history, HK$5,000 is the starting penalty but the court always comes up with HK$2,000 or HK$3,000," he said.
Yick told RTHK's Janice Wong that it is okay for places like London and California to have services like Uber because the taxi fares are either too high or there are not enough taxis.
The lawmaker admitted that Hong Kong taxi drivers do need to improve their service.
Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses
Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more
Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.
Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more
Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia
Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more
Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules
Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more
Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring
The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more
Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers
Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more