Hong Kong’s treasury minister has announced the suspension of a proposed levy on private cars crossing into mainland China, following significant feedback from lawmakers and the public. The decision, revealed by Secretary for Financial Services and the Treasury Christopher Hui Ching-yu, marks the second policy reversal in a single day. The levy, part of efforts to address a HK$87.2 billion budget deficit, was expected to generate HK$1 billion annually if implemented at HK$200 per car. The government emphasized that the fee would not have applied to coaches or goods vehicles, but has now decided against proceeding after careful consideration.