|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Hong Kong, China||03||03 - Direct long-term lending||HKD|
|Hong Kong, China||03A||03A - Long-term lending||HKD|
|Hong Kong, China||03B||03B - Forbearance||HKD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 6 May 2020). HKMA. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2020/08/20200805-4/ (accessed 14 August 2020). Reuters. https://www.reuters.com/article/us-hongkong-economy-hkma/hong-kong-extends-loan-repayment-holiday-for-small-businesses-idUSKBN25T1QY?il=0 (accessed 2 September 2020).||
No amount/estimate: Other measures by banks to the extent permitted by their risk management principles, including delay of loan payment, extension of loan tenors, and principal moratoriums for affected SMEs, sectors, and households as appropriate.This includes a pre-approved principal payment holiday for corporates and residential mortgages announced on 17 April 2020. On 5 August 2020, The HKMA announced a 90-day deferral of payments for trade facilities under the Pre-approved Principal Payment Holiday Scheme. On 2 September 2020, The HKMA extended the suspension of principal payments for small companies until 30 April 2021.
|Hong Kong, China||07||07 - Central bank financing government||HKD|
|Hong Kong, China||07A||07A - Direct lending and reserve drawdown||HKD|
|Hong Kong, China||07B||07B - Secondary purchase: government securities||HKD|
|Mongolia||03||03 - Direct long-term lending||MNT||663,000,000,000||240,520,759|
|Mongolia||03A||03A - Long-term lending||MNT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); BOM. https://www.mongolbank.mn/eng/news.aspx?tid=1&id=2682 (accessed 24 November 2020).||
No amount/estimate: (i) April 2020, A comprehensive set of fiscal measures has been announced, pending parliamentary approval in early April, including an increase in soft loans from the development bank to cashmere producers; (ii) 23 November 2020, The BOM will introduce a long-term refinancing instrument aimed at supporting SMEs and non-mining exports.
|Mongolia||03B||03B - Forbearance||MNT||663,000,000,000||240,520,759||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Mongolian News Agency. https://montsame.mn/en/read/228302 (accessed 12 June 2020); Bank of Mongolia. https://www.mongolbank.mn/eng/news.aspx?tid=1&id=2572 (accessed 11 August 2020); BOM. https://www.mongolbank.mn/eng/news.aspx?tid=1&id=2682 (accessed 24 November 2020).||
(i) No amount/estimate: 13 April 2020, The BOM allowed existing consumption loan borrowers to defer their principal and interest payments by up to 12 months; (ii) 12 June 2020, The government of Mongolia, together with the BOM and commercial banks, has approved decisions to make 6-month deferrals on consumer and business loan repayment and their interests for 90 days, and to extend the repayment of mortgage loans by six months. The BOM announced that commercial banks have allowed to defer repayment of mortgage loans worth MNT500 billion in total since the decision was issued; (iii) 7 August 2020, The Monetary Policy Committee decided to prolong the implementation of restructuring and extending the maturity on consumer loans for lenders experiencing difficulties in their loan repayments due to the current economic circumstances until 31 December 2020. 23 November 2020, This has been extended to 1 July 2021. Lending contracts of around 76,000 borrowers have been amended for issuance of consumer loans amounting to MNT663 billion (from the previous MNT500 billion).
|Mongolia||07||07 - Central bank financing government||MNT|
|Mongolia||07A||07A - Direct lending and reserve drawdown||MNT|
|Mongolia||07B||07B - Secondary purchase: government securities||MNT|
|People's Republic of China||03||03 - Direct long-term lending||CNY||350,000,000,000||49,871,241,522||
|People's Republic of China||03A||03A - Long-term lending||CNY||350,000,000,000||49,871,241,522||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020).||
(i) CNY350 billion for policy banks’ credit extension to micro- and small enterprises. expansion of policy banks’ credit extension line to private and micro- and small enterprises (RMB 350 billion); (ii) In July, the State Council, China’s cabinet, announced it would allow 18 provincial-level governments to use up to CNY200 billion ($28.9 billion) in total from this year’s CNY3.75 trillion quota of special-purpose bonds (SPBs) to inject funds into banks in their jurisdictions that need support. At the time, the government only specified one channel for investment - convertible bonds, which banks can use to replenish their core tier-one capital, the highest-quality capital that a bank has to absorb losses.
|People's Republic of China||03B||03B - Forbearance||CNY||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020); Xinhua. http://www.xinhuanet.com/english/2020-06/05/c_139117116.htm (accessed 8 June 2020); PBOC http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4033015/index.html (accessed 12 June 2020); The State The People’s Republic of China. http://english.www.gov.cn/policies/policywatch/202012/29/content_WS5fea80c1c6d0f725769429fc.html (accessed 6 January 2021).||
(i) No amount/estimate: The government has also taken multiple steps to limit tightening in financial conditions, including measured forbearance to provide financial relief to affected households, corporates, and regions facing repayment difficulties including delay of loan payments and other credit support measures for eligible SMEs and households and tolerance for higher NPLs for loans by epidemic-hit sectors and SMEs; (ii) No amount/estimate: June 5, PBOC introduced a policy allowing small and micro businesses to apply for deferring their inclusive loan repayments, maturing by end-2020 to March 31, 2021, with penalty payment exempted by providing 1% of the capital of SMEs’ loan applying for deferring repayments as the incentives for the local small and medium-sized commercial banks who lent those loans. SMEs who benefit from this measure should keep effective guarantee or alternative arrangements, use the loans for production and business purposes, and promise to maintain employment stable; (iii) No amount/estimate: December 29, further postponement of SMEs' principal and interest repayments on inclusive loans beyond the first quarter of 2021. Also, inclusive loans granted to small and micro-sized businesses will be extended as much as possible in line with market principles and upon consultations between enterprises and banks. The government will offer incentives that are equivalent to 1 percent of the loan principal to local banks that provide inclusive loans for small and micro-sized enterprises with a deferred repayment period of no less than six months [update].
|People's Republic of China||07||07 - Central bank financing government||CNY|
|People's Republic of China||07A||07A - Direct lending and reserve drawdown||CNY|
|People's Republic of China||07B||07B - Secondary purchase: government securities||CNY|
|Republic of Korea||03||03 - Direct long-term lending||KRW||129,600,000,000,000||106,221,988,756|
|Republic of Korea||03A||03A - Long-term lending||KRW||129,600,000,000,000||106,221,988,756||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 May 2020). OECD. http://www.oecd.org/coronavirus/en/ (accessed 11 May 2020). FSC. http://www.fsc.go.kr/eng/new_press/releases.jsp?menu=01&bbsid=BBS0048 (accessed 25 June 2020). FSC. http://www.fsc.go.kr/eng/new_press/releases.jsp?menu=01&bbsid=BBS0048 (accessed 25 June 2020). PDI. https://business.inquirer.net/308504/seoul-offers-zero-interest-loans-to-businesses-impacted-by-covid-19 (accessed 30 September 2020).||
(i) 24 March 2020, The government announced an additional financial support package of KRW100 trillion (USD80 billion) to boost local business and ease the financial burden on households and businesses: (a) expansion of financial loans and guarantees for SMEs and affected households and businesses (KRW58 trillion), (b) creation of a bond market stabilisation fund to purchase corporate bonds and commercial paper (KRW20 trillion). (ii) 22 April 2020, Further augmentation of KRW35 trillion mainly through creation of a special purpose vehicle (SPV) to purchase corporate bonds and commercial paper (KRW 20 trillion) and additional funds for SME lending (KRW 10 trillion). (iii) KRW5 trillion working capital support program for SME subcontractors in key industries to be financed by injecting equity into an SPV which will create a pool of underlying assets by purchasing loans and will issue primary collateralized loan obligations while management of loans will be carried out by creditor banks. (iv) 30 September 2020, KRW300 billion in concessional loans offered by the Seoul city government to small businesses restricted by social distancing rules.
|Republic of Korea||03B||03B - Forbearance||KRW|
|Republic of Korea||07||07 - Central bank financing government||KRW||3,000,000,000,000||2,458,842,332|
|Republic of Korea||07A||07A - Direct lending and reserve drawdown||KRW|
|Republic of Korea||07B||07B - Secondary purchase: government securities||KRW||3,000,000,000,000||2,458,842,332||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 June 2020).||
The BOK has purchased Korean Treasury Bonds (KRW3 trillion).
|Taipei,China||03||03 - Direct long-term lending||TWD|
|Taipei,China||03A||03A - Long-term lending||TWD|
|Taipei,China||03B||03B - Forbearance||TWD|
|Taipei,China||07||07 - Central bank financing government||TWD|
|Taipei,China||07A||07A - Direct lending and reserve drawdown||TWD|
|Taipei,China||07B||07B - Secondary purchase: government securities||TWD|