the description says VG-10, the correct steel for an F1. The label calls it a military survival knife, which is also is (Swedish AF uses it.) The picture and the Fallkniven marking on the blade look right, but as mentioned, it's not hard to steal a picture. I think i read somewhere that almost all VG10 is made in Japan, so maybe this is a batch of "seconds" that found its way to Hong Kong.
I'd rather spend my $115 on a real one than waste $30 trying to find a 'good deal'.