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[{'start': '1.536', 'end': '6.656', 'text': 'Good morning, everyone. Today is May'}, {'start': '7.168', 'end': '8.704', 'text': '2, 2025. The'}, {'start': '9.984', 'end': '12.544', 'text': 'taxi industry is actually'}, {'start': '14.592', 'end': '18.432', 'text': 'facing many problems, not just the'}, {'start': '18.944', 'end': '22.016', 'text': 'problems of private cars. Of course,'}, {'start': '22.784', 'end': '24.576', 'text': 'the call car'}, {'start': '25.344', 'end': '27.904', 'text': 'service is the so-called'}, {'start': '28.416', 'end': '30.720', 'text': 'private car service,'}, {'start': '30.976', 'end': '32.256', 'text': 'and it is indeed the'}, {'start': '33.024', 'end': '34.048', 'text': 'competition that has'}, {'start': '34.304', 'end': '35.328', 'text': 'reduced the value of the'}, {'start': '36.352', 'end': '37.120', 'text': 'so-called'}, {'start': '37.632', 'end': '39.168', 'text': 'traditional taxi'}, {'start': '39.424', 'end': '40.448', 'text': 'industry. In fact, the'}, {'start': '41.728', 'end': '43.776', 'text': 'taxi industry now has'}, {'start': '44.032', 'end': '45.824', 'text': 'so many problems. There are'}, {'start': '47.360', 'end': '48.128', 'text': 'many'}, {'start': '49.664', 'end': '51.712', 'text': 'so-called risks in itself. The taxi industry has been'}, {'start': '52.992', 'end': '55.296', 'text': 'so bad in the past few years. The'}, {'start': '55.552', 'end': '57.344', 'text': 'taxi fare has fallen.'}, {'start': '57.856', 'end': '59.392', 'text': 'One of the reasons is that'}, {'start': '60.672', 'end': '63.488', 'text': 'many problems have arisen in the industry. There is'}, {'start': '64.000', 'end': '65.792', 'text': 'no management and'}, {'start': '66.048', 'end': '67.584', 'text': 'no system. When something'}, {'start': '70.144', 'end': '72.960', 'text': 'happens in the industry, you want to find someone to take responsibility, but you'}, {'start': '73.216', 'end': '75.264', 'text': "can't find anyone to follow up."}, {'start': '75.520', 'end': '77.568', 'text': 'Those representatives are only responsible for collecting'}, {'start': '78.592', 'end': '81.664', 'text': 'and are unwilling to'}, {'start': '82.688', 'end': '83.968', 'text': 'provide with the times. For example,'}, {'start': '84.224', 'end': '84.992', 'text': 'payment, there are'}, {'start': '85.504', 'end': '88.320', 'text': 'many things, many'}, {'start': '89.344', 'end': '91.904', 'text': 'old-fashioned practices, which are habits that have been formed after'}, {'start': '92.672', 'end': '93.696', 'text': 'decades of doing it.'}, {'start': '97.536', 'end': '99.840', 'text': 'Bad habits and driving attitudes'}, {'start': '102.144', 'end': '103.424', 'text': 'have a great negative impact on the whole society.'}, {'start': '107.008', 'end': '110.848', 'text': "Let's talk about the driver problem first. In fact, Hong Kong taxis"}, {'start': '111.616', 'end': '113.408', 'text': 'are not the ones that have problems now,'}, {'start': '113.920', 'end': '119.808', 'text': 'but there were not so many competitors in the past, so everyone had no choice but to turn on the lights. Now the'}, {'start': '120.320', 'end': '125.184', 'text': 'taxi industry is aging so seriously.'}, {'start': '125.952', 'end': '128.512', 'text': 'Many times, the'}, {'start': '129.792', 'end': '133.632', 'text': 'services that drivers can provide and even their attitudes, you know, are'}, {'start': '133.888', 'end': '135.680', 'text': 'not going to be there.'}, {'start': '136.704', 'end': '142.080', 'text': 'The problem of drivers is that aging is that many drivers are'}, {'start': '142.592', 'end': '145.408', 'text': 'not energetic and are not familiar with the roads. This has'}, {'start': '145.664', 'end': '146.944', 'text': 'also affected the'}, {'start': '147.456', 'end': '147.968', 'text': 'quality. More than half of the current taxi drivers are'}, {'start': '154.112', 'end': '157.952', 'text': 'over 60 years old, and some are even over 70 years old. So this industry lacks some'}, {'start': '159.488', 'end': '163.328', 'text': 'new blood. Although there'}, {'start': '163.840', 'end': '165.632', 'text': 'have been many young people in recent years, even if they work part-time, the drivers are generally much older. They are prone to traffic accidents. Driving habits are also bad. Many drivers often drive'}, {'start': '165.888', 'end': '167.936', 'text': 'faster and get into dangerous situations. That’s why you see many'}, {'start': '168.704', 'end': '174.592', 'text': 'taxis in the market often'}, {'start': '175.104', 'end': '180.224', 'text': 'get into traffic accidents. In order to issue more tickets, they pedal faster, and the faster they pedal, the more they do.'}, {'start': '182.784', 'end': '185.600', 'text': 'As a result, many times, they don’t realize that they are too old. The mobile cart is fast, but their own reaction is slow, which results in many traffic accidents. In addition,'}, {'start': '186.112', 'end': '189.440', 'text': 'people'}, {'start': '190.208', 'end': '192.000', 'text': 'call this industry road bombs and'}, {'start': '200.448', 'end': '201.728', 'text': 'dark objects on the road. At the same time, they also affect themselves. The service attitude problem and the'}, {'start': '201.984', 'end': '203.264', 'text': 'excessive fares have existed for decades. Since the taxi industry has often refused to'}, {'start': '208.128', 'end': '209.408', 'text': 'pick up passengers, detoured'}, {'start': '209.664', 'end': '210.688', 'text': 'passengers, and charged randomly, these bad habits have'}, {'start': '211.456', 'end': '213.504', 'text': 'formed a negative image'}, {'start': '213.760', 'end': '215.552', 'text': "of the taxi industry. It is not easy to change people's attitude"}, {'start': '220.416', 'end': '222.976', 'text': 'towards you. In addition, many people who drive taxis only want to accept cash and are unwilling to keep up with the times. The era of'}, {'start': '224.000', 'end': '228.864', 'text': 'electronic payment'}, {'start': '229.376', 'end': '233.216', 'text': 'has been in Hong Kong for five years. The government has taken the initiative to promote electronic payment. Let alone'}, {'start': '233.728', 'end': '236.288', 'text': 'electronic payment,'}, {'start': '236.544', 'end': '237.568', 'text': 'things like'}, {'start': '237.824', 'end': '239.104', 'text': 'Octopus'}, {'start': '244.480', 'end': '249.344', 'text': 'exist. Taxi drivers are also'}, {'start': '250.368', 'end': '254.720', 'text': 'unwilling to do so. In order to keep up with the times, people can use other methods.'}, {'start': '255.488', 'end': '260.607', 'text': 'Paying money, then the main thing is that you can only pay'}, {'start': '260.863', 'end': '262.911', 'text': 'by annuity, so it is very inconvenient for tourists. Mainlanders are used to'}, {'start': '263.935', 'end': '268.287', 'text': 'electronic payment, and foreigners prefer to use Visa and Master. In short, when'}, {'start': '268.543', 'end': '273.919', 'text': 'society has become a mainstream and cash transactions are'}, {'start': '274.431', 'end': '276.991', 'text': 'no longer required,'}, {'start': '278.527', 'end': '279.551', 'text': 'taxi drivers are'}, {'start': '279.807', 'end': '283.647', 'text': 'unwilling to accept this world of electronic payment. So it has changed.'}, {'start': '289.023', 'end': '290.815', 'text': 'The same is true'}, {'start': '292.095', 'end': '295.935', 'text': 'for the convenience of passengers. Normally, your industry should keep up with the times. You must at least have Octopus. Of course, online car-hailing is also a very important issue. Online car-hailing is just in'}, {'start': '296.447', 'end': '299.007', 'text': 'Hong Kong now.'}, {'start': '304.895', 'end': '306.431', 'text': 'Is it even Cao Cao Travel? In the latest year, Cao Cao Travel has joined Hong Kong. In the future, Hong Kong will have at least 20 to'}, {'start': '322.303', 'end': '325.375', 'text': '50 cents of Call Car private cars to drive in Hong Kong.'}, {'start': '325.887', 'end': '329.215', 'text': 'Most of them are you in Da'}, {'start': '329.471', 'end': '332.031', 'text': 'That is, three or four national teams will come to Hong Kong to start this taxi service, plus Uber, so there will be at least four or five companies. The taxi industry will face more competition in the future, and this'}, {'start': '333.055', 'end': '335.359', 'text': 'is also the'}, {'start': '335.615', 'end': '336.127', 'text': "reason for the channel's urgency. So let me"}, {'start': '346.367', 'end': '347.903', 'text': 'add that why the prices of taxis have dropped so sharply and no one is buying them? So one of the reasons is that banks are no longer doing [ __ ]. So the taxi license plate in'}, {'start': '348.671', 'end': '350.719', 'text': 'the past dropped from'}, {'start': '350.975', 'end': '352.511', 'text': '7 million to tens of thousands today. So'}, {'start': '358.143', 'end': '359.679', 'text': 'many'}, {'start': '361.727', 'end': '365.567', 'text': 'banks have already made mistakes, so they decided to set'}, {'start': '366.079', 'end': '367.871', 'text': 'up services like black Sasuke taxi license plates. So to put it simply, the current'}, {'start': '371.711', 'end': '372.735', 'text': 'taxi prices all have to be paid in cash. If not, few people will'}, {'start': '372.991', 'end': '375.551', 'text': "accept the goods. It's like selling a license."}, {'start': '380.159', 'end': '385.791', 'text': 'If you want to sell a taxi license today, the'}, {'start': '386.303', 'end': '390.143', 'text': "bank won't do mortgages, so the other party must have... For example, if you buy a license worth"}, {'start': '391.679', 'end': '397.055', 'text': "NT$150,000 today, the other party must have NT$1.5 million in cash to buy it. So it's very difficult for most people to buy it with a million at once. If you can turn it around, if you have the ability to bring out NT$1.5 million, you"}, {'start': '409.855', 'end': '412.671', 'text': 'can invest in a taxi license. In other words, if you have the ability to'}, {'start': '415.487', 'end': '416.767', 'text': 'bring out NT$1 million or 200 in cash, you can'}, {'start': '417.535', 'end': '421.119', 'text': 'buy a taxi by yourself. Is that an investment? So basically, as for taxi licenses now, if'}, {'start': '422.143', 'end': '425.215', 'text': "banks don't do mortgages, you can't find anyone to take over. In the past, they were so popular because banks just saw that you were valuable."}, {'start': '425.727', 'end': '428.031', 'text': 'But there are many banks that lend money to'}, {'start': '435.711', 'end': '436.479', 'text': 'people to'}, {'start': '438.783', 'end': '441.599', 'text': "buy taxi licenses. Investment It's high now. Basically, all the taxi drivers who"}, {'start': '454.655', 'end': '456.191', 'text': 'bought taxi'}, {'start': '456.447', 'end': '458.751', 'text': 'licenses in the past ten years only paid one million or two million, and some even paid three million. The taxi'}, {'start': '459.519', 'end': '461.055', 'text': 'fleet is too'}, {'start': '461.311', 'end': '464.639', 'text': 'old. Many of the models are more than ten or twenty years old. They are old models and have not kept up with the times. There are no new services. People still'}, {'start': '467.967', 'end': '472.319', 'text': 'ride the same model for decades. The service and progress of changing cars are slow, which also affects the passenger experience. Now some of you call the car. The people who call the'}, {'start': '477.439', 'end': '481.023', 'text': 'taxi are'}, {'start': '496.383', 'end': '497.151', 'text': "disabled. It's hard for the disabled to use it. It's changed. In fact, when ordinary citizens"}, {'start': '505.855', 'end': '506.879', 'text': "don't choose to use it, should you consider improving it? Do you think the taxi industry, which the government has advised, should improve it? First of all, it"}, {'start': '507.135', 'end': '509.951', 'text': 'may be necessary to introduce fleet management'}, {'start': '513.535', 'end': '515.583', 'text': 'services, strengthen supervision, promote electronic payment, and'}, {'start': '519.167', 'end': '520.703', 'text': 'also have a points system.'}, {'start': '522.751', 'end': '524.799', 'text': 'Now, the taxi industry in Hong Kong is facing so'}, {'start': '527.103', 'end': '528.639', 'text': 'many'}, {'start': '528.895', 'end': '529.663', 'text': 'problems. It is not'}, {'start': '530.687', 'end': '533.759', 'text': 'so easy to get a taxi license in one day. The reference price of the taxi'}, {'start': '546.815', 'end': '549.631', 'text': 'license is up to you. The reference price has dropped by 40,000 a day and 200,000 in April. The reference price of taxis is 1.65 million. The reference price of the red one is 2.4 million, and the reference price of the Kingway is 23.'}, {'start': '550.143', 'end': '551.935', 'text': 'This is my own estimate. It is very difficult to make a deal for the red one this year. If you want to buy a'}, {'start': '552.191', 'end': '554.495', 'text': 'license now, you'}, {'start': '555.263', 'end': '559.359', 'text': 'have to pay cash. I believe no one will choose to legalize private cars and call car'}, {'start': '563.967', 'end': '567.039', 'text': 'services. Now put money in to'}, {'start': '578.303', 'end': '582.143', 'text': 'buy the bottom. You can see at a glance that this is a very tight industry. Why would anyone put money in? Drivers are getting old, insurance is for drivers, and'}, {'start': '588.799', 'end': '590.847', 'text': 'premiums are'}, {'start': '591.103', 'end': '592.895', 'text': 'expensive. The'}, {'start': '595.199', 'end': '598.015', 'text': "whole industry is basically full of problems. It's"}, {'start': '600.063', 'end': '604.671', 'text': 'hard to make a living even if you buy a license.'}, {'start': '606.719', 'end': '608.255', 'text': "I think the biggest problem is that if banks don't do mortgages, no one"}, {'start': '615.167', 'end': '615.679', 'text': "can do instant transactions. So many people who buy houses or invest in things like that won't be able to pay in full. It's possible that the other half comes"}, {'start': '616.959', 'end': '618.239', 'text': 'up with a down payment and then borrows'}, {'start': '620.031', 'end': '622.847', 'text': 'money. Now'}, {'start': '637.695', 'end': '641.535', 'text': "banks don't lend or do mortgages. So basically, there's nothing wrong with these taxi licenses. Even if people now reduce the price of the license to tens of thousands, I don't believe anyone is willing to pay. If banks don't do mortgages, it's the same as"}, {'start': '644.351', 'end': '648.447', 'text': 'selling your property. If banks stop doing mortgages, look at the houses in Hong Kong. Can you buy them? 95 out of 100 people buy houses. You'}, {'start': '656.383', 'end': '661.503', 'text': 'have to borrow money from the bank. If there is no bank in the economy, it means that the bank will'}, {'start': '671.999', 'end': '673.535', 'text': 'not think highly of you and will'}, {'start': '675.071', 'end': '680.191', 'text': 'not be willing to invest money to continue to support your taxi brand. As for the taxi brand, it is only a matter of time. The taxi brand may be finished in the next one or two years, that is, within this year. I think it will be very difficult to make a deal within this year. I'}, {'start': '680.703', 'end': '682.751', 'text': 'don’t think there'}, {'start': '683.007', 'end': '685.055', 'text': 'is a fool who would be so heartless as to spend'}, {'start': '687.103', 'end': '688.127', 'text': '100,000 yuan now to buy a garbage can.'}, {'start': '696.063', 'end': '701.183', 'text': 'You'}, {'start': '701.439', 'end': '705.535', 'text': 'don’t need to send it'}, {'start': '711.423', 'end': '714.239', 'text': 'in the'}, {'start': '714.751', 'end': '718.079', 'text': 'future when you know that it will be legalized next year. You may wait until the price drops to a few'}, {'start': '728.319', 'end': '729.855', 'text': 'hundred thousand before buying it. Maybe people will think that you have your own way and I have my own way. You can call the taxi driver as you like, because the government will definitely supervise you. The number of license plates for private car call apps is limited.'}, {'start': '731.903', 'end': '736.767', 'text': 'You are waiting for the government to finish its work and wait for it to fall. If it falls back, you can buy one or two hundred thousand at that time. I'}, {'start': '737.023', 'end': '741.119', 'text': 'will buy it to speculate on it. It is'}, {'start': '742.399', 'end': '744.703', 'text': 'fine'}, {'start': '760.575', 'end': '762.879', 'text': 'if it'}, {'start': '763.647', 'end': '768.511', 'text': 'rebounds. But I will not buy it for tens of thousands now.'}]