Decline of currency reserves turned around by US Treasury bonds

China's foreign exchange reserves rose to $3.112 trillion in June, bolstered by an increase in the value of its US Treasury holdings, which ended a two-month decline, the central bank said on Monday.

Analysts said the scale of reserves will remain stable and could rise slightly in the coming months given fluctuations in global financial markets that may push up the value of the Treasury.

The reserves increased by $1.51 billion last month, or 0.05 percent, compared with a drop of $14.23 billion in May, the central bank data showed.