BEIJING - China's foreign exchange reserves totaled $3.26105 trillion at the end of October, down by $55.317 billion, or 1.67 percent, compared to the end of September, official data showed Thursday.

The State Administration of Foreign Exchange noted in a statement that the US dollar index climbed and global financial asset prices declined last month due to monetary policy expectations and macroeconomic data in major economies.

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"Due to the combined effects of factors such as currency translation and changes in asset prices, China's foreign exchange reserves shrank in October," the statement reads.

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China is effectively implementing a host of policies to consolidate the momentum of economic growth, which is conducive to generally stable reserves of foreign exchanges, the administration said.