Chu Sau-leung, 39, says the latest development to allow local banks to conduct business in yuan will stimulate the cross-border cash flow and benefit Hong Kong. Ride from Pokfulam to Quarry Bay. Cost: $72.40 This yuan business arrangement is obviously another big handout from the central government to help boost Hong Kong's economy. Not long ago, restrictions were lifted, allowing mainland tourists to visit Hong Kong individually. While they are seriously considering expanding the scheme to other mainland cities to encourage more Chinese tourists to visit Hong Kong, here is another present for our banking sector. Allowing local banks to offer wide-ranging services in yuan will create a lot of business opportunities, and not only for the banking sector. I am sure the new arrangement will create a more integrated currency system between Hong Kong and the mainland. And we will be the biggest winner. Over the past 10 years, the economic boom in China has created a lot of millionaires. Can you imagine all these people coming to Hong Kong with their cash? I am not surprised Beijing is being so generous. I think Hong Kong is like their favourite son compared with other mainland cities because we have been extremely hard working and have achieved a lot over the years. This is why our mainland parents are more than willing to help us out during hard times. Like the recent relaxation in travel rules, the yuan banking initiative will spur mainland tourists to spend as well as invest long-term in Hong Kong. In a few years, we might even see Hong Kong becoming the money market of southern China. I am hopeful the latest development may speed up our economic recovery and boost the property market. We should grab hold of this golden opportunity and come up with more business initiatives to facilitate a better flow of yuan into Hong Kong. We have been treated well by the central government - consider the Closer Economic Partnership Arrangement, individual Chinese tourists and now this cash cow. It has been more or less one-way traffic, with all the goodies coming in from the north. But I think we also need to create opportunities for ourselves instead of relying on handouts. Our government needs to gear up its efforts to regenerate our economy, especially at the community level. Taxi drivers should be allowed to give discounts to passengers taking long rides. Maybe a 50 per cent discount on a return trip from the airport. For example, after dropping off a passenger at Chek Lap Kok, I would then go to a designated area to pick up another passenger, with this return trip being half price. In this way, both the driver and passenger benefit. If the government allowed this to happen, I am sure the long queues at the airport would disappear quickly. In difficult times, we need to be more creative and less rigid. Rules are good if they can regulate our lives for the better. But if these rules are making us miserable, we need to change them or even get rid of them. Another problem affecting our trade is the issue of the so-called 'shadow taxis' which are on the road illegally. These vehicles are operating on a duplicate licence, which means there are two taxis with the same registration number, but only one of them is legal. The situation happens because of a loophole in the system when taxis are replaced. When an owner changes his vehicle, he normally sells it to a garage. The problem arises when unscrupulous garage owners put old taxis back on the road, to the ignorance of the original owner, instead of turning them into scrap metal as the owner intended. And with two cabs operating with the same registration number, no wonder business is so bad for us - competition has doubled.