China's foreign exchange reserves rose to $3.23 trillion by the end of May, up 0.98 percent from the end of April, official data released by the State Administration of Foreign Exchange showed on Friday, according to the Chinese news agency Xinhua.
The Authority attributed this growth to the combined impact of currency exchange and asset price changes.
The agency noted that factors such as the monetary policy expectations of major economies and their macroeconomic data contributed to the decline in the US dollar index and the rise in global financial asset prices.
