1Ten-year housing construction plan and subway construction in 1970s.
1983 implements the linked exchange rate, and the Hong Kong dollar is pegged to the US dollar.
1987 the stock exchange was closed for 4 days during the stock market crash.
1998 during the Asian financial crisis, the hong kong government intervened in the market and used nearly120 billion hong kong dollars in foreign exchange reserves to attack the foreign exchange, stock and futures markets respectively and to crack down on international speculators.
When Tung Chee-hwa was the Chief Executive, he invested in Cyberport and Hong Kong Disneyland.
From September, 65438 to September, 1999, Anson Chan, then the Secretary for Home Affairs, defended the investment in the Cyberport, saying that the Cyberport was an exceptional treatment by the government, while positive non-intervention was "deliberate" intervention.
In June 2002, Henry Tang criticized the "positive non-intervention" policy promoted by the British Hong Kong government as "deceptive". He believes that collecting taxes, building roads, building public housing and industrial villages are all interventions that any government will take. The most important thing is how to improve the business environment with open and fair policies.
On September 1 1 2006, Donald Tsang, the Chief Executive of Hong Kong, made it clear that the SAR Government did not pursue a positive non-intervention policy, pointing out that it was "a long time ago". Just like on June 29th, 2000, Tung Chee-hwa, the then Chief Executive, also said that the 85,000 housing policy of that year "would not exist if we don't talk about it", which caused an uproar among politicians.
On June 6th, 2006, Milton Friedman, an American economist who has always regarded Hong Kong as the "last bastion of free economy", published an article "Hong Kong is wrong" in the Wall Street Journal, criticizing the Hong Kong government for aborting the "positive non-intervention" system, which made Hong Kong "no longer a glorious symbol of free economy".