Forex up 9th month in a row in October

China's foreign exchange reserves rose slightly in October, capping nine consecutive months of increases, thanks to effective capital flow management and improving economic fundamentals, analysts said.

Also, major fluctuations in the scale of the reserves are unlikely in the coming months, they said.

The reserves rose by $700 million last month to $3.109 trillion, compared with an increase of $17 billion in September, according to central bank data released on Tuesday.