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Breaking-News >> TodayHistory On April 25, 1915, Hong Kong politician Kuo Bowei was born
110 years ago today, on April 25, 1915 (March 12, 1915), the Hong Kong politician Robert Kwok was born. On April 25, 1915, the Hong Kong politician Robert Kwok was born. Sir Kwok, KBE, CMG (English: SirJohnJamesCowperthwaite, April 25, 1915 - January 21, 2006), a British colonial official, served as Hong Kong's financial secretary from 1961 to 1971. During his tenure, he implemented a "laissez-faire" policy, in addition to maintaining a low tax policy, he also reduced government intervention in the market. His economic philosophy was used by future financial secretaries to set the tone for the Hong Kong government's later policies of "active non-interventionism", prudent financial management and free markets. It also contributed to the rapid development of Hong Kong's economy, preparing for the economic take-off in the 1970s and 1980s. Since 1970, the Fraser Institute of Canada has named Hong Kong as "the freest economic system in the world" every year. Sir Robert Kwok's economic philosophy was deeply influenced by the 18th century philosopher Adam Smith, who advocated free trade. His own economic policies also inspired the economic policies of the British, American and other governments in the 1980s, and played a role in connecting the past and the future. Comment: Kwok's implementation of "laissez-faire" economic policies in Hong Kong has earned him high praise. News raw data sources → https://www.abtool.cn/today_detail/1dgp.html 17WorldNews[2025.09.28-06:21] 访问:72
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