|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Hong Kong, China||10||10 - No breakdown||HKD||114,000,000,000||14,681,073,006||HKMA. https://www.hkma.gov.hk/eng/key-functions/banking/banking-regulatory-and-supervisory-regime/riding-out-the-covid-19-challenge/ (accessed 12 May 2020).||
The HKMA provided: (i) HKD93 billion worth of payment extensions to corporate customers through (a) repayment period extension for the transportation sector; (b) trade financing lines converted into temporary overdraft facilities; (c) accounts receivables loans offered to retail sector; (d) pre-approved principal payment holiday scheme covering 80% of corporate borrowers; and (e) special 100% loan guarantee fund; and (ii) HKD 21 billion worth of relief measures for individual customers through (a) principal repayment holidays for residential mortgages; (b) relief loans offered to employees of affected sectors; (c) extension of loan tenor for personal lending; and (d) reduction of credit card charges.
|Mongolia||10||10 - No breakdown||MNT|
|People's Republic of China||10||10 - No breakdown||CNY||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020); The State The People's Republic of China. http://english.www.gov.cn/statecouncil/ministries/202008/04/content_WS5f289391c6d029c1c263723c.html (accessed 6 August 2020).||
No amount/estimate: August 4, PBOC noting that its policies in the first half of the year facilitated a speedy recovery of the national economy amid COVID-19, the PBOC said it will pursue a more flexible and appropriate monetary policy, making it more targeted, and effectively implement policies aimed at helping enterprises tide over difficulties and ensuring employment in the second half. The central bank also pledged to use a variety of monetary-policy tools to enable M2 money supply and aggregate financing to grow at notably higher rates than last year, while promoting a substantial growth in the inclusive loans to small and micro businesses and medium- and long-term loans to the manufacturing industry. Efforts will be made to leverage a CNY1 trillion ($143 billion) re-lending and rediscount quota and the policy instruments introduced in June to directly channel funds into the real economy and extend support to as many virus-hit micro and small companies as possible.
|Republic of Korea||10||10 - No breakdown||KRW||40,420,000,000,000||33,128,802,358||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020). FSC. http://www.fsc.go.kr/eng/new_press/releases.jsp?menu=01&bbsid=BBS0048 (accessed 25 June 2020).||
(i) 22 April 2020, President Moon announced a key industry stabilization fund would be established for KRW40 trillion (2.1 percent of GDP) and operated by Korea Development Bank to support seven key industries (airlines, shipping, shipbuilding, autos, general machinery, electric power, and communications) through loans, payment guarantees, and investments. (ii) 11 June 2020, KRW420 billion "Win-Win Guarantee Program" for SMEs through the Technology Guarantee Fund including support of up to 3 billion won in working capital and up to 10 billion won in facility funds. (iii) 8 September 2020, The FSC announced the government will further develop measures under the KRW170 billion "New Deal" Initiative to be implemented in 2021-2025 and consisting of a mix of public and private sector funding, and low interest loans and special guarantees.
|Taipei,China||10||10 - No breakdown||TWD||875,100,000,000||29,043,660,079||EY. https://www.ey.com/en_gl/tax/how-covid-19-is-causing-governments-to-adopt-economic-stimulus-- (accessed 8 May 2020); Executive Yuan. https://english.ey.gov.tw/Page/61BF20C3E89B856/f5669427-2546-40ea-8d99-250cf8a52e2e; Executive Yuan. https://english.ey.gov.tw/Page/61BF20C3E89B856/5135c15d-b99e-416c-a963-c83568c35458 (accessed 31 July 2020); OCAC. https://www.ocac.gov.tw/OCAC/Eng/Pages/Detail.aspx?nodeid=329&pid=20184382 (accessed 30 October 2020).||
No amount/estimate: (i) April 2020, The authorities released several nontax measures to support business enterprises, including interest subsidies, loan guarantees, technology upgrade assistance including cash grant, employee education subsidy or free training courses on smart machinery and digital transformation, and others; (ii) 2 April 2020, The Cabinet passed an TWD1.05 trillion (USD34.7 billion) emergency economic relief package to minimize the impact of COVID-19 on the economy, which includes TWD210 billion for health and non-health spending (see Measure 5); (iii) 23 July 2020, The Cabinet approved a second special budget increase to further fund Taipei,China's COVID-19 response program. This second special budget expansion calls for an additional TWD210 billion (USD7.1 billion) to fund expenses associated with disease prevention, relief packages, and economic stimulus, such as subsidies for workers' wages and business operations, and money for the research, development and purchase of vaccines; On 23 October 2020, The Legislative Yuan passed the special budget of TWD209.95 billion (USD7.33 billion) to continue economic relief measures that will ease the impact of the COVID-19 pandemic on Taipei,China's economy (see Measure 5 for the breakdown. Other ministries will also get funding for their relief subsidy programs).