Cost of Hong Kong taxi licence hits record high of almost US$1 million

Allan Shek, the owner of a shop selling gold and jade jewellery, says he has made millions on the side by riding wild swings in the stock market and by buying into the city's property boom. No more.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1294823/cost-hong-kong-taxi-licence-hits-record-high-almost