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China August FX reserves lifted by rise in asset prices globally - regulator

BEIJING, Sept 7 (Reuters) - A rise in asset prices in the international financial market boosted China's foreign exchange reserves level in August, the country's forex regulator said on Thursday.

Cross-border capital flows and foreign exchange supply and demand continued to be balanced in August, the State Administration of Foreign Exchange (SAFE) said in a statement after the August reserves data was released.

The regulator also expected foreign exchange reserves level to remain at a "reasonably appropriate" level in the future.

China's foreign exchange reserves rose $10.5 billion in August to $3.092 trillion, edging up for a seventh straight month. (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)