Article: IN BRIEF (Page: 6, Date: 04/16/2003)

BEIJING

Rule on counterfeit money issued

The People's Bank of China yesterday issued a management rule regarding the confiscation and identification of counterfeit money. The central bank's new rule, which will take effect on July 1 this year, is the first related regulation and indicates the government's improved fight against forged bank notes.

The rule stipulates the detailed procedures involved in the confiscation and identification of counterfeit money.

In recent years, the amount of counterfeit money in circulation has been increasing in China.

ICBC's first-quarter earnings jump

The Industrial and Commercial Bank of China yesterday announced a first-quarter profit of 14.7 billion yuan ...

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