(July 17, 2022, Hong Kong) Taxi fares in Hong Kong will be increased from today, and the average fare will be increased by about 15%. In this regard, Phoenix Satellite TV interviewed Dr. Bryan Lin Xiaohui, Chairman of Realord Group (1196.HK), Chairman of Sincere Company (0244.HK), and Chairman of Taxi Drivers & Operators Association.

Regarding this fare increase, Dr. Bryan Lin said, first of all, he was very grateful to the new Hong Kong government for caring about the taxi industry. Taxi drivers are one of the most grassroots of Hong Kong society. This fare increase is the first time in four years. In fact, the industry began to apply for a fare increase with the government in 2018, and it has not been implemented, until today. It must be a good start for taxi drivers. I hope the government will conduct price reviews regularly in the future.

According to Bryan Lin, there are currently more than 18,000 taxis in Hong Kong, with more than 60,000 taxi drivers serving about 1.3 million Hong Kong citizens every day. Under the current global inflation, the taxi industry It's not easy either. The income of taxi drivers is still lower than the average level of the driver industry as a whole.

He believes that taxi practitioners hope to protect their rights and interests, combat the chaos of online “ride-hailing” services, and at the same time hope to manage car owners well, because taxi drivers need to pay rent buy their income still hasn't increased.