High-quality fake yuan notes found in Fuzhou

PUBLISHED : Friday, 20 March, 2009, 12:00am
UPDATED : Friday, 20 March, 2009, 12:00am


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A batch of counterfeit yuan notes has been found on the mainland that are of higher quality than those recently seen in Hong Kong with 'HD' serial numbers.

Hong Kong money changers last night said they had not come across any fake notes similar to the new batch seized in Fuzhou city.

Fuzhou police announced that fake 100-yuan notes whose serial numbers began with CE86 and CH31 had been seized when a counterfeit ring was smashed.

They were among seized fake 10-yuan, 20-yuan and 50-yuan notes with a total face value of 1.03 million yuan.

Fuzhou police said the counterfeit 100-yuan notes were of higher quality than those found across the mainland with serial numbers that began with HD. Some of those notes surfaced in Hong Kong in January after being found in large numbers in nine provinces.

David Mak Ping-sang of Sang Sang Money Exchange in Sha Tin said he had encountered one counterfeit 100-yuan note this week but had not seen fakes with serial numbers beginning with CE or CH.

'We have good money detectors and know how to identify fakes by feeling them,' said Mr Mak, who has worked in the money-exchange business for 30 years.

'So far, we haven't seen any fake notes with such serial numbers.'

A total of 7,975 fake yuan notes were seized in Hong Kong in the first nine months of last year, a 21 per cent rise from 6,610 in the same period of 2007, police said.