Uber Hong Kong has warned that a proposed cap of up to 15,000 ride-hailing permits could trigger a 70 per cent increase in fares and result in 40 per cent of peak-hour bookings being unsuccessful. Secretary for Transport and Logistics Mable Chan stressed on Tuesday that the government did not currently have a “specific preference” regarding the quota limit, but pledged that a cap would be adopted in consideration of cabbies’ demands and the impact on the taxi industry. A day after the government...