Government rolls out subsidy for precious metals trading industry

This is said to provide relief to members and practitioners registered with CGSE.

The government has launched the subsidy scheme for precious metals trading industry under the Anti-epidemic Fund, according to a spokesman for the Financial Services and the Treasury Bureau (FSTB)

This is said to provide relief to members of the Chinese Gold and Silver Exchange (CGSE) and practitioners registered with CGSE who are affected by the pandemic and will be open for applications until 31 July.

CGSE members with a valid trading licence as at 1 July and still have trading status as a CGSE member at the time of application will be eligible for the subsidy. Each eligible CGSE member will receive a cash subsidy of $20,000.

Meanwhile, CGSE members which do not have a valid trading licence (D status) or have been suspended from trading by CGSE (S status) at the time of application are not eligible for any subsidy.

Further, both active and qualification retained practitioners registered with CGSE as at 1 July are also eligible and will receive a cash subsidy of $1,200 per person.