China forex reserves will remain stable overall - FX regulator

BEIJING, Feb 7 (Reuters) - China foreign exchange reserves will remain stable overall as cross-border capital flows and foreign exchange supply and demand become more balanced, the foreign exchange regulator said Wednesday.

The $21.5 billion increase in China's foreign exchange reserves in January was primarily driven by appreciation of non-U.S. dollar currencies and changes in asset prices, the State Administration of Foreign Exchange said on in a statement on its website.

China's foreign exchange reserves rose for a 12th straight month in January to $3.161 trillion, central bank data showed on Wednesday. (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)