China's surplus in both current and capital accounts continued to rise in the first three months of the year, driving the foreign exchange reserves up $74.8 billion, the State Administration of Foreign Exchange said on June 14.

In the first quarter of the year, the current account surplus stood at $23.5 billion, while capital and financial accounts registered a surplus of $56.1 billion, among which direct investment inflows accounted for 87.2 percent.

China's reserve position in the IMF went down $400 million, while its Special Drawing Rights rose $200 million in the first three months of the year.