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China July FX reserves lifted by appreciation of non-dollar currencies -regulator

-regulator@

BEIJING, Aug 7 (Reuters) - China's cross-border capital flows remained stable in July and the appreciation of non-U.S. dollar currencies against the dollar helped boost the value of Beijing's foreign exchange reserves last month, the forex regulator said on Monday.

Foreign exchange supply and demand were basically balanced last month, the State Administration of Foreign Exchange(SAFE) said in a statement after the July reserves data was released.

Foreign exchange reserves level is expected to remain stable, it added.

China's foreign exchange reserves rose more than expected in July to a nine-month high to $3.081 trillion as tighter regulations and a weaker dollar curbed capital outflows. (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)