Lobo was born in September 1923 of Hong Kong-Macanese, Portuguese and Scottish descent. His father,
Pedro José Lobo, had moved from
Portuguese Timor to
Macau between late 19th century and early 20th century. He settled in Macau and married Branca Hyndman, the great-granddaughter of Scottish-born Colonel Henry Hyndman, who served in the
British East India Company at
Bengal and whose son Henrique settled in Macau either in the late 18th or early 19th century.
Pedro José Lobo was a famous and important businessman, politician and philanthropist of Macau. He studied in the
Lyceum in Macau and
La Salle College in Hong Kong. After his study, Lobo joined his father's business in 1945. ==Political life==