Beijing may introduce congestion charge as early as 2015

Beijing may introduce congestion charge as early as 2015

Staff Reporter


Beijing is to unveil plans for a low-emission zone and vehicle congestion charge by the end of the year, with the measures to come into effect as early as 2015, reports the Beijing Youth Daily, the official paper of the Communist Youth League of China in Beijing.

Beijing has included the proposed scheme in its action plan to reduce air pollution between 2013 and 2017, for which the municipality’s transportation and environmental protection authorities will be responsible, the paper said.

The city will also study the possibility of an electronic charging system, the report said.

While transportation officials said details of the congestion charge will be unveiled by the end of this year, environmental officials said they are consulting with experts on whether to adopt a scheme similar to those followed in London or Milan.

In London, the congestion charge is only imposed in some parts of the low-emission zone, while a fee is collected from every driver entering the low-emission zone in Milan.

It is certain that the congestion fee will be a tariff collected on the spot, however, the newspaper said.


About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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