HONG KONG -- The Hong Kong government on Tuesday unveiled proposals to regulate online ride-hailing services provided by tech companies like Uber, requiring platforms, cars and drivers to be licensed before hitting the road.

The Hong Kong government laid out proposals on Tuesday to regulate ride-hailing platforms, such as Uber , following years of talks and complaints from the city's licensed taxi drivers that they face unfair competition.

The HK gov't has proposed capping the number of e-hailing cars allowed in the city, though the regulatory framework proposal gives no details of the specific limit.