Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Hong Kong, China 05 05 - Health and income support HKD 299,970,000,000 38,630,539,207
Hong Kong, China 05A 05A - Health support HKD 30,000,000,000 3,863,440,265 IMF. (accessed 6 May 2020).

Establishment of a new Anti-Epidemic Fund (HKD30 billion or 1% of gross domestic product [GDP]) to enhance anti-epidemic facilities and services.

Hong Kong, China 05B 05B - Income support HKD 269,970,000,000 34,767,098,943
Hong Kong, China 05B1 05B1 - Tax and contribution deferrals and policy changes HKD
Hong Kong, China 05B2 05B2 - Tax and contribution rates reduction HKD
Hong Kong, China 05B3 05B3 - Subsidies to individuals and households HKD 83,500,000,000 10,753,242,070 IMF. (accessed 6 May 2020). (accessed 11 June 2020) (accessed 3 July 2020). (accessed 16 July 2020). (accessed 14 August 2020). (accessed 2 October 2020).

(i)Temporary job creation (HKD6 billion or 0.2% of GDP). (ii) Cash payout to permanent residents aged 18 or above (HKD71 billion or 2.5% of GDP). (iii) Employment subsidy scheme (HKD80 billion or 2.8% of GDP). (iv) 8 June 2020, Authorities announced further support for the travel industry by enhancing the Green Lifestyle Local Tour Incentive Scheme (with increased funding of HKG50 million). (v) 1 July 2020, HKD6 billion under the Anti-epidemic Fund to create around 30,000 time-limited jobs in both public and private sectors in the coming two years for people of different skill sets and academic qualifications. (vi) No amount/estimate: 10 July 2020, Announced an additional HKD6,000 ex-gratia payment under the Anti-epidemic Fund to public rental housing applicants who have accepted advance allocation offers for Fai Ming Estate in Fanling and Chun Yeung Estate in Fo Tan. (vii) 28 July 2020, Authorities announced a 2-month waiver for public rental housing tenants worth HKD3.5 billion for the months of September 2020 and 2021 along with a 9.66% rent increase. (viii) No amount/estimate: 25 September 2020, Authorities opened applications for salary subsidies for new positions that aim to create 1,500 new jobs in the financial services industry.

Hong Kong, China 05B4 05B4 - Subsidies to businesses HKD 73,920,000,000 9,519,516,812 IMF. (accessed 6 May 2020). (accessed 11 June 2020). (accessed 16 July 2020). (accessed 16 July 2020).; 24 September 2020). (accessed 27 January 2021). (accessed 5 February 2021). (accessed 5 February 2021); (accessed 5 February 2021). (accessed 5 February 2021).

(i) Employment subsidy scheme (HKD80 billion or 2.8% of GDP). (ii) No amount/estimate: 2 June 2020, Introduction of a subsidy scheme for employment agencies that provide foreign domestic helper placement services from the Anti-Epidemic Fund. (iii) 8 July 2020, HKD1.02 billion for the Convention & Exhibition Industry Subsidy Scheme under the Anti-epidemic Fund which provides a 50% subsidy for participation fees in exhbitions organized by the the Hong Kong Trade Development Council. (iv) No amount/estimate: 8 July 2020, Increased rental concessions for eligible tenants from 50% to 75% through September, extended the measure’s scope to cover more businesses, and provided full rental waivers for businesses that have had to completely cease operations due to anti-epidemic measures during the closure period. (v) No amount/estimate: 16 September 2020, Authorities announced further rent relief and enhanced concessional rates to non-domestic tenements for the third and fourth quarters of 2020-2021. On 21 September 2020, the Hong Kong Housing Authority also announced extended rent concessions for non-domestic tenants by another 6 months from 1 October 2020. (vi) No amount/estimate: 5 January 2021, Began accepting applications for a one-off HKD100,000 subsidy for licensed billiard establishments, public bowling alleys, and skating rinks. The Places of Amusement License Holders Subsidy Scheme, relaunched under the fourth-round of the Anti-epidemic Fund, provides subsidies to the eligible license holders whose businesses have been directly affected by the anti-epidemic and social distancing measures imposed by the Government. The application deadline is February 4 [update]. (vii) 5 January 2021, Increased funding for its "Distance Programme" under the Anti-epidemic Fund to HKD1.9 billion from HKD1.5 billion. The program helps businesses fund technology solutions and purchases to continue to do business during the COVID-19 pandemic and lockdowns [update]. (viii) No amount/estimate: 7 January 2021, Opened a new round of its "Fitness Centre Subsidy Scheme" on January 8. The scheme will provide a one-off subsidy of HKD100,000 to each fitness center to ease financial burdens from their forced closure since December 10, 2020. The application deadline is February 8 [update]. (ix) No amount/estimate: 13 January 2021, Announced launch of another round of the Subsidy Scheme for Beauty Parlors, Massage Establishments & Party Rooms under the Anti-epidemic Fund. Under the scheme, beauty parlors or massage establishments with one to two workers will receive a one-off subsidy of HKD30,000, while those with three to four employees will receive HKD60,000 and those which employ five or more workers will receive HKD100,000. The maximum subsidy amount for beauty parlor or massage establishment chain stores operated by a single entity under the same business registration is HKD3 million [update].

Hong Kong, China 05B5 05B5 - Indirect income support HKD 12,050,000,000 1,551,815,173 (accessed 11 June 2020)

8 June 2020, Support for the travel industry through the subsidy initiative for tourist guides that subsidizes training costs (which was extended until 27 April 2021).

Hong Kong, China 05B6 05B6 - No breakdown (income support) HKD 100,500,000,000 12,942,524,887 IMF. (accessed 6 May 2020).

(i) Tax and fee reliefs and other one-off relief measures (HKD79.5 billion or 2.8% of GDP). (ii) Sector-specific relief measures (HKD21 billion or 0.7% of GDP).

Hong Kong, China 05C 05C - No breakdown (health and income support) HKD
Mongolia 05 05 - Health and income support MNT 5,518,793,142,083 2,002,087,958
Mongolia 05A 05A - Health support MNT 198,193,703,412 71,900,000 ADB. (accessed 26 May 2020).

March 2020, Health sector measures (USD71.9 million).

Mongolia 05B 05B - Income support MNT 5,320,599,438,672 1,930,187,958
Mongolia 05B1 05B1 - Tax and contribution deferrals and policy changes MNT
Mongolia 05B2 05B2 - Tax and contribution rates reduction MNT 890,585,175,966 323,083,292 Mongolian News Agency. (accessed 8 January 2021); ADB. (accessed 26 May 2020).

(i) 20 March 2020, support to vulnerable businesses and fiscal stimulus measures, which includes (a) Exemption on social insurance (USD288.2 million); (b) Social insurance penalty exemption (USD4.2 million); (c) Corporate Income Tax exemption (USD10.8 million); (d) Exemption for tax penalties and fines (USD5.4 million); (e) Import tax and duties exemption of food products (USD3.6 million); (ii) 31 December 2020, The government approved the cancellation of penalties for late payment of social security contributions due between 1 October and 31 December 2020 (estimated at MNT30 billion, about USD10.8 million).

Mongolia 05B3 05B3 - Subsidies to individuals and households MNT 426,157,810,118 154,600,000 ADB. (accessed 26 May 2020).

(i) March 2020, Measures supporting citizens (USD154.6 million), which includes (a) Personal Income Tax exemption (USD63.2 million); (b) Job retention allowance (USD18.4 million); (c) Child money program (USD12.4 million); (d) VAT refunds (USD14.4 million); (e) Erdenes Tavan Tolgoi Dividends Payout (USD46.2 million). Erdenes Tavan Tolgoi is a state-owned enterprise where each Mongolian citizen owns a share.

Mongolia 05B4 05B4 - Subsidies to businesses MNT 3,353,856,452,588 1,216,700,000 ADB. (accessed 26 May 2020).

March 2020, Support to vulnerable businesses and fiscal stimulus measures, which includes (a) Rental relief (USD7.2 million); (b) Cashmere sector support (USD118.1 million); (c) Discount on agricultural equipment (USD12.3 million); (d) Capital projects (of which two-thirds does not yet have financing) (USD1,079.1 million).

Mongolia 05B5 05B5 - Indirect income support MNT
Mongolia 05B6 05B6 - No breakdown (income support) MNT 650,000,000,000 235,804,666 Mongolian News Agency. (accessed 14 December 2020).

13 December 2020, The government decided to write off payments of utility bills (electricity, heat, water, and waste bills) of households and some enterprises for seven months with MNT650 billion (USD235.8 million) funding from Erdenet Mining Corporation, one of Mongolia's biggest state-owned enterprises, from 1 December 2020 to 1 July 2021.

Mongolia 05C 05C - No breakdown (health and income support) MNT
People's Republic of China 05 05 - Health and income support CNY 9,175,875,000,000 1,307,463,652,285
People's Republic of China 05A 05A - Health support CNY 45,660,000,000 6,506,059,680 NHC. (accessed 17 June 2020); Xinhua Net. (accessed 13 July 2020); The State Council The People's Republic of China. (accessed 4 August 2020); The State Council The People's Republic of China. (accessed 20 January 2021).

(i) No amount/estimate: June 17, Increased the subsidy standard for basic public health services per capita to 74 yuan, for the prevention and control of the new coronary pneumonia epidemic situation, to strengthen the grass-roots epidemic prevention and control; (ii) July 13, China's National Development and Reform Commission (NDRC) has allocated CNY45.66 billion to boost the capacity for the prevention, control and treatment of diseases; (iii) No amount/estimate: August 5, The State Council has pledged to bolster China's COVID-19 testing capacity and develop technologies that can produce more accurate results more quickly as the country braces for a possible spike in infections in autumn and winter. Improving testing capacity will be a key measure in coordinating epidemic containment and socioeconomic development; (iv) No amount/estimate: The Customs Tariff Commission of the State Council lowered tariffs on various medical products, such as borosilicate glass tubes required for producing new corona virus vaccines.

People's Republic of China 05B 05B - Income support CNY 7,130,215,000,000 1,015,979,069,623
People's Republic of China 05B1 05B1 - Tax and contribution deferrals and policy changes CNY KPMG. (accessed 15 April 2020).

No amount/estimate: Small enterprises and self-employed businesses may defer CIT payment for the period from 1 May 2020 to 31 December 2020 to the first filing period in 2021

People's Republic of China 05B2 05B2 - Tax and contribution rates reduction CNY 1,500,000,000,000 213,733,892,237 Xinhua Net. (accessed 8 August 2020).

August 8, State Taxation Administration announced PRC's tax and fee cuts totaled over CNY1.5 trillion. The orderly implementation of China's tax and fee cut policies has helped invigorate market entities and strengthen the sustainability of enterprises' development

People's Republic of China 05B3 05B3 - Subsidies to individuals and households CNY 7,115,000,000 1,013,811,096 SCMP. (accessed 14 May 2020); Xinhua Net. (accessed 9 July 2020); China Daily. (accessed 30 July); Xinhua Net. (accessed 13 July 2020)

(i) By the end of April, local governments had given out more than CNY6.5 billion worth of consumer vouchers, essentially government subsidised coupons or discounts that can be spent at designated venues, according to data from 42 cities collated by the Chinese Academy of Social Sciences (CASS); (ii) July 9, the Ministry of Emergency Management announced an allocation of a total of CNY615 million for disaster relief in regions hit by floods; (iii) No amount/estimate: July 30, PRC decided to hand out financial aid to jobless rural workers and other unemployed groups not covered by unemployment insurance, according to the Ministry of Civil Affairs

People's Republic of China 05B4 05B4 - Subsidies to businesses CNY IMF. (accessed 15 April 2020); The State Council The People's Republic of China. (accessed 29 May 2020); The State Council The People's Republic of China. (accessed 25 June 2020); The State Council The People's Republic of China. (accessed 28 October 2020).

(i) No amount/estimate: June 3, Logistics costs will be further reduced to improve the efficiency of logistics, accelerating the recovery of production and the return to normal life following the COVID-19 epidemic, according to a guideline from the National Development and Reform Commission and the Ministry of Transport; (iii) No amount/estimate: June 24, the State Council announced that government will work to further shorten the time required for starting a business and better regulate the charges on businesses from industry bodies and associations, in an effort to lessen corporate burdens and spur their vitality; (iv) No amount/estimate: October 23, PRC seeks to lower overall production costs and provide an even fairer environment for privately-owned companies in the country with 38 new measures. Six bureaus, including the National Development and Reform Commission, the Ministry of Finance and the People's Bank of China, have collaborated on the document. Specific measures and guidelines in the document include lowering production costs by reducing electric prices for high electric-usage industries by 5 percent. It also standardized and called for lowering the management and service fees at harbors, roads and airports. In addition, it sought to lower the barriers for privately-owned enterprises to move across cities.

People's Republic of China 05B5 05B5 - Indirect income support CNY 1,623,100,000,000 231,274,320,326 The State Council The People's Republic of China. (accessed 28 May 2020); CBIRC. (accessed 24 June 2020);

Ii) May 28, CNY1.60 trillion for local governments' infrastructure projects to boost investment amid slowing economic activity and trade headwinds with the United States funded by increase in the ceiling for special local government bonds of 1.3 percent of GDP. The main buyers of such bonds have been state-owned policy banks. The government said expenditure on investment projects will rise by CNY22.4 billion for 2020; (ii) No amount/estimate: June 9, The Ministry of Human Resources and Social Security proposed to increase vocational skills training efforts to increase the number of free online training and open-line training to areas severely affected by the epidemic and to expand the scope of free courses; (iii) June 23, estimated at CNY700 million: China Banking Regulatory Commission issued a "Notice on Hubei Province Insurance Legal Institutions and Branches Exempted from Payment of the 2020 Insurance Security Fund." with this exemption, insurance institutions will be able to provide better risk protection and financial support for the economic and social development of Hubei;

People's Republic of China 05B6 05B6 - No breakdown (income support) CNY 4,000,000,000,000 569,957,045,964 The State Council The People's Republic of Chia. (accessed 15 April 2020).

April 15, CNY4 trillion to cover payment relief for enterprises of their contributions to social security schemes, and taps into the balance of the unemployment insurance fund, interest concessions made by state-owned commercial banks, and price reductions in natural monopoly industries to lower enterprises’ operating costs. This money will be primarily used to support jobs, people’s basic living needs and businesses, and sustain household income.

People's Republic of China 05C 05C - No breakdown (health and income support) CNY 2,000,000,000,000 284,978,522,982 The State Council The People's Republic of China. (accessed 29 May 2020).

(i) May 28, announced CNY2 trillion in increase in fiscal deficits and issuance of special treasury bonds worth of CNY1 trillion of which CNY300 billion will be used by local governments for COVID-19 prevention and while the rest to support local governments’ operations. The increase of budget deficits and funds raised from the issuance of government bonds for COVID-19 control will all be channeled to primary-level governments. Companies, especially smaller firms, will truly benefit from these funds, and people who live on social security schemes, subsistence allowance, unemployment benefits, old-age support and those living in difficulties will be able to benefit. August 27, PRC released fiscal funds of CNY2 trillion that aim to directly benefit businesses and people, and consolidate the foundation of the country's restorative growth. Nearly CNY300 billion of the total funds had been used to support tax and fee cuts by mid-August, while CNY1.674 trillion or 98.5 percent of the remaining 1.7 trillion yuan have been allocated by the central government. Local governments have spent CNY509.7 billion, accounting for 30.5 percent of CNY1.674 trillion in funds

Republic of Korea 05 05 - Health and income support KRW 82,900,000,000,000 67,946,009,783
Republic of Korea 05A 05A - Health support KRW 2,100,000,000,000 1,721,189,633 OECD. (accessed 24 April 2020); WTO. (accessed 1 May 2020).

(i) 17 March 2020, The National Assembly approved the budget of KRW2.1 trillion for disease control, i.e., epidemic prevention and treatment, support for medical institution and quarantined people; (ii) 14 April 2020, No amount/estimate: Temporary elimination of import tariffs on surgical and sanitary masks and melt blown filters until 30 June 2020.

Republic of Korea 05B 05B - Income support KRW 37,900,000,000,000 31,063,374,798
Republic of Korea 05B1 05B1 - Tax and contribution deferrals and policy changes KRW
Republic of Korea 05B2 05B2 - Tax and contribution rates reduction KRW Pulse News. (accessed 29 June 2020). Pulse News. (accessed 29 June 2020). Ministry of SMEs and Startups. (accessed 25 June 2020).

No amount/estimate: 2 March 2020, Reduced taxes on new car purchases for 3 months. On 5 June 2020, the measure was extended by another 6 months until end-December 2020.

Republic of Korea 05B3 05B3 - Subsidies to individuals and households KRW 9,100,000,000,000 7,458,488,408 OECD. (accessed 24 April 2020).

31 March 2020, The government announced an emergency relief payment plan of KRW9.1 trillion (USD7.4 billion) to address the virus outbreak. The government plans to pay relief checks to households in the bottom 70% income bracket (around 14 million households), of up to KRW1 million (USD820) per household. For this, a second supplementary budget was submitted to the National Assembly and passed on 30 April 2020.

Republic of Korea 05B4 05B4 - Subsidies to businesses KRW
Republic of Korea 05B5 05B5 - Indirect income support KRW
Republic of Korea 05B6 05B6 - No breakdown (income support) KRW 28,800,000,000,000 23,604,886,390 OECD. (accessed 24 April 2020). Ministry of SMEs and Startups. (accessed 25 June 2020).

(i) February 2020, The government announced emergency support of KRW20 trillion for households and damaged industries, such as tourism and export industries. (ii) In 17 March 2020: The National Assembly approved (a) loans and guarantees for small businesses, indirect support of wage and rent for small merchants (KRW4.1 trillion), (b) consumption coupons for the poor, emergency family care and employment retention support (KRW3.5 trillion), and (c) support for issuing local gift certificate, local government grants for infection prevention (KRW1.2 trillion). (iii) see Measure 5B3. (iv) No amount/estimate: Some local governments have announced cash support for people (a) Gyeonggi province announced KRW100,000 (USD82) to all residents, and (b) Seoul and Daejeon have a similar plan without specific criteria.

Republic of Korea 05C 05C - No breakdown (health and income support) KRW 42,900,000,000,000 35,161,445,352 AHK. (accessed 9 July 2020). Nikkei Asian Review.,recent%20resurgence%20in%20coronavirus%20cases. (accessed 11 September 2020).

(i 3 July 2020, the National Assembly approved the third supplementary budget worth KRW35.1 trillion with KRW23.7 trillion in new spending and KRW11.4 trillion revenue adjustment and support tax reductions. (ii) 11 September 2020, The government drafted a fourth supplementary budget worth KRW7.8 trillion, including cash payments to small businesses and self-employed workers, which was subsequently approved by parliament.

Taipei,China 05 05 - Health and income support TWD 384,900,000,000 12,774,431,224
Taipei,China 05A 05A - Health support TWD 73,460,000,000 2,438,061,101 EY.;;; (all accessed 8 May 2020); OCAC. (accessed 30 October 2020); Centers for Disease Control (CDC). (accessed 2 January 2021).

(i) 25 February 2020, Taipei,China's authorities passed the statute for prevention and rehabilitation of severe infectious pneumonia (the Statute). The Statute, which was enacted accordingly, is in response to the recent COVID-19 outbreak and aims to alleviate its impact on the domestic economy and society. The budget connected with the statute is TWD60 billion (approximately USD2 billion); April 2020: (ii) The approved budget connected with the Statute is now TWD210 billion (approximately USD7 billion); (iii) Of the TWD60 billion budget, the authorities will spend TWD19.6 billion in transforming hospitals into isolation venues, establishing quarantine and testing venues for the virus, requisitioning medical materials and allocating funds as subsidies for schools and the transportation industry to battle the virus contagion; (iv) 23 April 2020, The Cabinet allocated the bulk of a special TWD150 billion (USD4.98 billion) budget to revitalizing the domestic economy, which has been hard hit by the COVID-19 coronavirus pandemic. Of the budget, TWD16.5 billion will be used to help fund the country's health response and recovery efforts amid the COVID-19 pandemic; (v) 8 May 2020, The authorities has given final approval to the TWD150 billion (USD5.02 billion) special budget to finance measures to support the economy amid the global COVID-19 pandemic; (vi) 23 October 2020, The Ministry of Health and Welfare will receive TWD37.36 billion from the new funding for its social welfare programs, including disease prevention; (vii) No amount/estimate: 30 December 2020, CECC announced that it has negotiated with COVID-19 vaccine manufacturers to procure approximately 20 million doses, including 4.76 million doses through COVAX, and 10 million doses from AstraZeneca, and some doses from another vaccine maker, which is still under discussion. The vaccine doses are expected to be delivered as early as March 2021.