Hong Kong authorities have set a cap of 10,000 vehicles for ride-hailing service permits, marking a key step in their long-running effort to establish a regulatory framework, with applicants who have owned a private car for a certain period likely to be given priority. In a paper submitted to the Legislative Council on Tuesday, the Transport and Logistics Bureau said that the 10,000-vehicle cap was a cautious and appropriate approach to maintaining service standards while balancing road capacity