(Yicai Global) Feb. 13 -- The yuan bounced back against the greenback today following its post-holiday blues, as the Chinese stock market has continued to sustain its rising momentum thus far this week.

Sentiment for yuan-based assets warmed as investors ,still recovering from the nine-day Spring Festival break, scooped up once-downtrodden stocks without hesitation this week.

The market is also looking for deliverance from the ongoing China-US trade talks, while a wildly-successful CNY20 billion central bank bill issuance in Hong Kong has also set investors' hearts beating faster.

At 4.30 p.m., the onshore spot rate closed at 6.7596, 214 points or 0.19 percent higher than yesterday's finale. The offshore spot rate was 6.7708 in a 28 basis-point rise from yesterday's conclusion in New York.

The Chinese currency had been the underdog from the start of this month after a two-month upward trend that saw the yuan climb a cumulative 2.6 percent against the greenback on the onshore market in January.

All eyes are now glued to the Feb. 14 to 15 cabinet-level talks between China and the US in Beijing to see if the world's two biggest economies can work out their remaining gripes before an end-of-the-month deadline when more tariffs may kick in.

Editor: Ben Armour