Forex reserves rise in June

Increase due to growing global confidence in nation's economy and opening-up

China's foreign exchange reserves rose to a 14-month high in US dollar terms at the end of June, amid higher asset values and generally balanced foreign exchange supply and demand, the top foreign exchange regulator said on Monday.

Analysts said the foreign exchange reserves are expected to remain stable in the coming months, but cautioned on the need to improve the efficiency of money supply that has been injected into the economy to avoid capital outflow risks.