Detailed text transcripts for TV channel - CNN - 20110509:08:54:00
Shifts. like many things in hong kong, there's an open market for licences. the transportation department says it does not interfere with pricing but just controls the licences in circulation. they list the daily prices. for example, a green taxi license right now depose if 3.28 million hong kong dollar. that's about 323 u.s. dollar. he's bot his license ten months ago and it's gone up 10%. finance professor says people need to be careful pause the pieing and selling of taxi licences is not a res lated barga bargain. in hong kong a small number of taxi agencies facilitate the trading.
Source: news source