Rich ethnic Indians in Hong Kong are packing their jewellery and heading for bank vaults in Singapore as the territory's July 1 return to China nears, a newspaper reported on Sunday.
Fearing export curbs on gold and gems by Hong Kong's future administration after the handover, some wealthy Indian women have opted to keep their prized possessions in safety deposit boxes in Singapore, the Sunday Morning Post said.
We carried as much jewellery as we could take. We walked in with two bags of gold and diamonds - I just put them in my gym bag, one Indian woman was quoted as saying.
If anything goes wrong, you just go to Singapore and pick up your things, another said.
Hong Kong, British colony of over 150 years, reverts to Chinese rule at midnight June 30 "" in just 23 days' time.
Under Sino-British treaties on Hong Kong's handover, the territory is promised a high degree of self rule for the next 50 years.
