|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Hong Kong, China||11||11 - Other Economic Measures||HKD|
|Mongolia||11||11 - Other Economic Measures||MNT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 24 July 2020); Mongolian News Agency. https://montsame.mn/en/read/230071 (accessed 2 July 2020).||
(i) 13 February 2020, Temporary suspension of coal exports to the People's Republic of China; (ii) 30 June 2020, Re-opening of children playground centers except of PC game centers, summer camps, religious and cultural centers, cinema theatres, snooker centers, and karaokes. However, public protests and mass gathered sports contests will remain prohibited. By reviving the operations, it is expected to keep around 10,000 jobs.
|People's Republic of China||11||11 - Other Economic Measures||CNY||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 June 2020); The State Council, The People's Republic of China. http://www.gov.cn/xinwen/2020-05/16/content_5512106.htm (accessed 20 May 2020); SCMP. https://www.scmp.com/economy/china-economy/article/3085553/china-gdp-beijing-abandons-economic-growth-target-2020-work (22 May 2020); Xinhua Net. http://www.xinhuanet.com/english/2020-07/12/c_139206895.htm (accessed 13 July 2020); The State Council The People's Republic of China. http://english.www.gov.cn/news/pressbriefings/202007/17/content_WS5f11a035c6d00bd0989c61b7.html (accessed 4 August 2020); The State Council The People's Republic of China. http://english.www.gov.cn/policies/policywatch/202007/28/content_WS5f1f7df0c6d029c1c2636cc4.html (accessed 4 August 2020); The State Council The People's Republic of China. http://english.www.gov.cn/policies/policywatch/202007/28/content_WS5f1f883bc6d029c1c2636ce6.html (accessed 4 August 2020).||
(i) Restrictions on the investment quota of foreign institutional investors (QFII and RQFII) were removed; (ii) No amount/estimate: Additional financing support for corporates via increased bond issuance by corporates; (iii) Announced that it will make regulatory arrangements for the performance commitment requirements and adjustment of restructuring plans for listed companies that are indeed affected by the epidemic . encouraging lending to SMEs, including uncollateralized SME loans from local banks and raising the target for large banks’ lending growth to micro- and small enterprises from 30 percent to 40 percent; (iv) July 13, The State Council, China's cabinet, has decided to implement more reform measures experimented with at the pilot free trade zones (FTZs) across the nation. It is the sixth batch of measures tested by the pilot FTZs before being implemented in other areas. To be replicated nationwide are measures covering five areas: investment management, trade facilitation, financial openness and innovation, operational and post-operational oversight, and human resources; (v) July 14, The government encourages the private sector to fund transportation infrastructure, and no restrictive threshold shall be set for private investment in this aspect ; (vi) Juy 10, PRC will allow foreign banks to gain access to fund custody business in its market, as part of efforts to further open up the financial sector. Eligible Chinese branches of foreign banks will be able to apply for permits for fund custody business, according to the newly-revised fund custody rules jointly issued by the China Securities Regulatory Commission and the China Banking and Insurance Regulatory Commission; (vii) July 17, The new regulation on ensuring timely payments to small and medium-sized enterprises, which will go into effect on September 1, which will safeguard the legitimate rights and interests of SMEs, reduce their operational costs and optimize the business environment; (viii) July 28, The State Council has adopted a package of measures to facilitate investment and widen market access to improve the business environment and help counter the economic impact of the COVID-19 pandemic. Key policies include the removal of unreasonable market access barriers in the construction, education, healthcare and sports sectors, improving the efficiency of customs clearance and encouraging the growth of new business models ; (ix) July 28, A new regulation on ensuring timely payments to small and medium-sized enterprises, which will go into effect on Sept 1, will better safeguard legal rights and interests of SMEs and private enterprises that are now having a hard time due to the COVID-19 pandemic and create a fairer business environment, said industry insiders.
|Republic of Korea||11||11 - Other Economic Measures||KRW||WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 1 May 2020). FSC. http://www.fsc.go.kr/downManager?bbsid=BBS0048&no=152660 (accessed 22 May 2020). FSC. http://www.fsc.go.kr/downManager?bbsid=BBS0048&no=152874 (accessed 22 May 2020). Reuters. https://www.reuters.com/article/us-health-coronavirus-southkorea/south-korea-announces-29-billion-third-stimulus-budget-to-fight-virus-misery-idUSKBN23A03Y?il=0 (accessed 3 June 2020). Reuters. https://www.reuters.com/article/us-southkorea-economy-housing/south-korea-finance-minister-says-will-raise-tax-rates-for-multiple-home-owners-idUSKBN24B04X?il=0 (accessed 10 July 2020). Reuters. https://www.reuters.com/article/us-southkorea-economy-tax/south-korea-scales-back-capital-gains-tax-on-stocks-hikes-income-tax-for-top-earners-idUSKCN24N0GU?il=0 (accessed 22 July 2020). FSC. http://www.fsc.go.kr/eng/new_press/releases.jsp?menu=01&bbsid=BBS0048 (accessed 28 August 2020).||
(i) 14 April 2020, Temporary export ban on surgical and sanitary masks and melt blown filters. (ii) 18 May 2020, The FSC announced various measures to improve the exchange-traded fund and exchange-traded note markets to contain overheated investment demand and mitigate excessive concentration in particular investment products. (iii) 19 May 2020, the FSC announced implementation plans on measures to improve supervision of financial conglomerates: (a) introduce a group-wide risk assessment system which combines the currently distinct risk concentration and risk transfer categories into a single comprehensive framework for assessing capital adequacy requirements; (b) begin integrated group-wide disclosure in September 2020 through which the six financial conglomerates will gather required information from their subsidiaries and provide group-wide disclosure of information on 8 sections and 25 categories, including ownership & governance structure, internal risk management procedures, financial soundness, etc.; (c) introduce a group-wide internal control system in the second half of this year by having the six financial conglomerates establish and operate their own internal control council operate their own internal control councils and standards by the end of the third quarter this year. (iv) 10 July 2020, the Finance Minister announced the government will raise real estate taxes on properties valued over KRW600 million for multiple home owners and encourage renters to unload homes; capital gains tax rates will also be increased. As of 22 July 2020, The government clarified its planned revisions to the tax code pertaining to capital gains: (a) up to 25% tax on capital gains exceeding KRW50 million a year for retail stock market investors starting 2023; (b) starting October 2021, annual gains of more than KRW2.5 million from trading of cryptocurrencies will be subject to a 20% capital gains tax for local residents; and (c) a hike in income tax on earnings exceeding KRW1 billion a year from 42% to 45%. (v) 27 August 2020, The FSC announced an extended temporary ban on short-selling of stocks to 15 March 2021.
|Taipei,China||11||11 - Other Economic Measures||TWD||KPMG. https://bit.ly/2LvD7ms (accessed 14 May 2020); CNA. https://bit.ly/3iGCTYA (accessed 18 September 2020).||
(i) From 27 February to 26 May 2020, importation of mask and undenatured alcohol concentration above 90% could be subject to temporary adjustment rates; (ii) From 4 March to 31 March 2020, the fever thermometers products could not be exported without the approval issued by the Bureau of Foreign Trade of the Ministry of Economic Affairs; (iii) Until 30 April 2020, the exportation of mask products (filtering efficiency 94% or more, of textile materials) are banned. However, woven or knitted masks without filter of textile materials, gas masks for epidemic prevention and replaceable filters, sponge masks, and paper masks are not subject to the export prohibition. Such ban may be further extended depending on the current COVID-19 situation; (iv) 16 September 2020, face masks are now included in a list of goods subject to import controls, but small quantities of up to 250 masks brought in by travelers will be exempt. The Bureau of Foreign Trade requires importers of either surgical masks or face masks to apply for import permits with the bureau.