Ho Yin (; 1 December 1908 – 6 December 1983) was a Macanese businessman, politician and senior leader of the Chinese community in
Macau
Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...
.
Biography
Ho Yin was born in
Panyu, in the
Pearl River Delta region, north of Macau on 1 December 1908, when
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
was still ruled by the imperial family of the
Qing Dynasty
The Qing dynasty ( ), officially the Great Qing, was a Manchu-led Dynasties of China, imperial dynasty of China and an early modern empire in East Asia. The last imperial dynasty in Chinese history, the Qing dynasty was preceded by the ...
.
[In the name of the father](_blank)
'' South China Morning Post'', 16 May 1999 He was an important diplomatic intermediary between the
People's Republic of China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
and the anti-Communist ''
Estado Novo'' regime in Portugal, which existed between 1933 and 1974. He died in Macau on 6 December 1983.
[''Daily Report: People's Republic of China, Issues 232–240''](_blank)
United States. Foreign Broadcast Information Service,
National Technical Information Service, 1983, page 69
His son,
Edmund Ho, became the first
Chief Executive of the
Macau Special Administrative Region.
Business career
In China and Hong Kong
His father, Ho Cheng-kai, was a small businessman, owning a small shop in Panyu. When Ho was only 13, he became an apprentice in a shop in
Guangzhou
Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about nor ...
, learning to manage it. At 16, he moved to
Shunde, a traditional centre in the region of the
Pearl River Delta, where he became an administrator of a grocer's shop. In 1930, he decided to invest in the
money changing business, opening a store in
Guangzhou
Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about nor ...
.
But in 1938, with the invasion of the Japanese to
Guangdong
) means "wide" or "vast", and has been associated with the region since the creation of Guang Prefecture in AD 226. The name "''Guang''" ultimately came from Guangxin ( zh, labels=no, first=t, t= , s=广信), an outpost established in Han dynasty ...
, he was forced to move to
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
, where he continued his business in the
then British colony.
His half-brother, Ho Tim, was already in business in Hong Kong, and would later become a director of the
Hang Seng Bank.
In Macau
In 1941, the Japanese finally
occupied Hong Kong and consequently Ho took refuge in Macau, then a colony of Portugal, who remained neutral during the Second World War. Shortly after his arrival, Ho, along with other entrepreneurs from Macau and Hong Kong, founded Tai Fung Money Changer Limited in 1942, which initially only carried out monetary transactions, but would later become Tai Fung Bank in 1972.
It was during the
Second World War that Ho became rich and famous due to his business in the area of monetary transactions and the lucrative trade in gold, particularly in its major contribution to the stabilisation of the value of the
pataca, the local currency, as well advising the
Banco Nacional Ultramarino, responsible for issuing the pataca, on financial matters.
At that time, the gold trade in Macau, specifically the import of gold, was controlled by a small group of businessmen from Macau and Hong Kong, including Ho Sin Hang, Cheng Yu Tung, YC Liang, and Pedro José Lobo, as well as Ho Yin.
[''Portugal, China and the Macau Negotiations, 1986–1999''](_blank)
Carmen Amado Mendes, Hong Kong University Press, 2013, page 118
After the
Second World War, the gold trade was one of the most important economic activities in Macau, as Portugal was not then a signatory to the
Bretton Woods Agreements, which had fixed exchange rates and restricted international trade in gold.
[''Macao''](_blank)
Philippe Pons,
Reaktion Books, 2002, page 122 These agreements also banned the import of gold for individual use and stipulated that each gold
troy ounce cost
US$35 legally.
[Out and about](_blank)
'' South China Morning Post'', 17 October 2010
Due to the banning and restriction of imports of
gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...
in
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
, covered by the agreements, Macau became one of the international centres unofficial trade (or smuggling) of gold. Gold smuggling in Macau was monopolised and handled by the Ng Fuk Tong or "Five Good Fortunes Association", itself a subsidiary of Tai Hing Company, the gambling monopoly. Granted in 1937, this monopoly was later awarded to
Sociedade de Turismo e Diversões de Macau (STDM) in 1962. STDM was led by
Stanley Ho, unrelated to Ho Yin.
With the death of Pedro José Lobo in 1965, Ho Yin became the most important Macau businessman, holding controlling interests in Macau's only
bus and taxi companies, two of its
Chinese language newspapers, all ten of its cinemas, five hotels, four banks and a greyhound track, where, in May 1966, he was the target of a grenade attack.
[Bomb injures Macao's unofficial go-between with Peking](_blank)
'' The Straits Times'', 9 May 1966, page 3 Although he was injured, he survived. Later, his mansion was watched over by security guards.
In time, Ho would also gain greater prestige in Macau, especially within the Chinese community; in 1950, he became the President of the Chinese Chamber of Commerce, a post which he held until his death in 1983.
He was also able to resolve conflicts between the various rival
Chinese triads in Macau, as he knew all of their leaders, despite never having joined any triad society.
On 3 August 1971, Ho was made
Commander of the Order of Volunteerism.
Political career
Ho began his political career in the early 50s, after the establishment of the People's Republic of China, and became one of the most important political figures and influential Macau. As the anti-communist and authoritarian ''
Estado Novo'' regime of
António Salazar only recognised Taiwan ruled by
Nationalist General
Chiang Kai-shek as the "
Republic of China", Ho became an important diplomatic intermediary between
Lisbon
Lisbon ( ; ) is the capital and largest city of Portugal, with an estimated population of 567,131, as of 2023, within its administrative limits and 3,028,000 within the Lisbon Metropolitan Area, metropolis, as of 2025. Lisbon is mainlan ...
and
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...
.
He kept in close contact with the Chinese
Central People's Government and made numerous visits to Beijing, where he often exchanged views on Macau issues with
Mao Zedong,
Zhou Enlai and many major Chinese Communist Party officials.
Ho was accorded the status of "special guest" at the
Chinese People's Political Consultative Conference from the second session of its National Committee, which was held in Beijing between 30 January and 7 February 1956.
[The Evolution of Portuguese – Chinese Relations and the Question of Macao from 1949 to 1968](_blank)
Moisés Silva Fernandes, Chinese Academy of Social Sciences, 2002, page 660
Ho participated in and contributed to the resolution of various disagreements between Portugal and China. The first major confrontation was the Sino-Portuguese military confrontation in 1952 at the
Portas do Cerco border gate. This erupted following the sales embargo imposed on China by Portugal, under pressure from its
Western allies, and a visit by the Portuguese
Overseas Minister,
Sarmento Rodrigues.
[Macao in Sino-Portuguese Relations 1949–1955](_blank)
Moisés Sliva Fernandes, ''Portuguese Studies Review'', Vol. 16, No. 1, 2008, pages 166–167
Between 25 and 31 July, a series of conflicts ensued, which left the Portuguese with one dead and twenty injured, and the Chinese with two dead and nine wounded.
Ho formed part of a delegation to Beijing, which was able to secure a written apology and compensation from the
Portuguese administration in Macau.
The second conflict was the
12-3 incident in 1966, organised by pro-communist Chinese in Macau. Following the authorities unwillingness to grant permits for the building of a school on
Taipa Island, violence broke out between local people and the
Macau Police.
[''Hong Kong's Watershed: The 1967 Riots''](_blank)
Gary Ka-wai Cheung, Hong Kong University Press, 2009, page 16 This escalated into demonstrations outside the
Palácio do Governo, the seat of government, in support of the Taipa residents, shouting slogans and reading aloud from the ''
Little Red Book''.
Finally, at 1 pm on 3 December,
Red Guards began to riot, denouncing the Portuguese authorities for "fascist atrocities".
[It Is My Opinion](_blank)
Irene Corbally Kuhn, '' Reading Eagle'', 19 January 1967 Afterwards, the Chinese in Macau adopted a "Three No's" approach as a means to continue their struggle with the Government — no taxes, no service, no selling to the Portuguese, almost leading to the collapse of the Portuguese administration.
[''Twentieth Century Colonialism and China: Localities, the Everyday, and the World''](_blank)
Bryna Goodman, David Goodman
Routledge, 2012, pages 217–218
On 29 January 1967, the Portuguese
Governor,
José Manuel de Sousa e Faro Nobre de Carvalho, signed a statement of apology at the Chinese Chamber of Commerce, under a portrait of
Mao Zedong, with Ho, as the Chamber's president, presiding.
[''Naked Tropics: Essays on Empire and Other Rogues''](_blank)
Kenneth Maxwell, Psychology Press, 2003, page 279
Ho's involvement and commitment to resolve the crisis caused by the riot was crucial because at that time he was the only one who could contact directly and simultaneously with the
Portuguese administration with Chinese officials in
Guangzhou
Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about nor ...
and Beijing, as he was the Chinese representative in the
Legislative Council
A legislative council is the legislature, or one of the legislative chambers, of a nation, colony, or subnational division such as a province or state. It was commonly used to label unicameral or upper house legislative bodies in the Brit ...
.
[Macao Is A Relic Of Bygone Era Of European Gunboat Diplomacy](_blank)
David J Paine, Associated Press, '' Daily News'', 14 May 1971, page 17 In addition, Ho later became a member of the
Standing Committee of the
National People's Congress.
With China's diplomatic victory in Macau, Ho was the Chinese representative in a proposed meeting with Sir
Jack Cater on the settlement of the
1967 riot in
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
. The talk did not materialize as then-
Governor David Trench took a hardline position against leftist aggressors.
Internationally, Ho came to be regarded as Beijing's "unofficial representative" in Macau.
[''Far Eastern Economic Review''](_blank)
1974, page 439 This role was crucial to the survival of the Portuguese administration and Macau during the
Cold War
The Cold War was a period of global Geopolitics, geopolitical rivalry between the United States (US) and the Soviet Union (USSR) and their respective allies, the capitalist Western Bloc and communist Eastern Bloc, which lasted from 1947 unt ...
, the
Cultural Revolution and later, the rapid and sudden process of decolonisation by Portugal carried out following
Carnation Revolution in 1974. In an interview with the ''
Far Eastern Economic Review'' that year, Ho remarked that "the Chinese and Portuguese people are living in harmony in Macao whereas the Portuguese and Africans are constantly in political and armed conflict."
In 1975, Lisbon offered to return Macau to Beijing, but the offer was refused, with the Chinese telling the Portuguese that this could only happen when "the time and history were right". Instead, an Organic Statute was adopted in 1976, redefining Macau as "a Chinese territory under Portuguese administration".
After constant negotiations leading to the
Joint Declaration on the Question of Macau in 1987, administration of Macau was finally transferred to the
People's Republic of China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
on 20 December 1999.
Death and legacy

Ho Yin died on 6 December 1983 at
Queen Elizabeth Hospital in Hong Kong of lung cancer.
In Macau, there is a street, Avenida Comendador Ho Yin, named in his honour. There is also a park, known as
Jardim Comendador Ho Yin. The
University of Macau is also the location of the Ho Yin Convention Centre.
An asteroid discovered by the
Purple Mountain Observatory in
Nanjing in 1978 was named "5045 Hoyin (1978 UL2)" in his honour in 2006.
“Hoyin” é nome de asteróide
'' Jornal Tribuna de Macau'', 7 December 2006 (in Portuguese)
References
{{DEFAULTSORT:Ho, Yin
1908 births
1983 deaths
Members of the Legislative Assembly of Macau
Members of the Standing Committee of the 6th National People's Congress
Members of the Standing Committee of the 5th Chinese People's Political Consultative Conference
History of Macau
Economy of Macau
People from Panyu District
Businesspeople from Guangzhou
Politicians from Guangzhou
People's Republic of China politicians from Guangdong
20th-century Macau politicians
20th-century Macau businesspeople