Tradelink Electronic Commerce, holder of the sole franchise to run Hong Kong's electronic trade document processing infrastructure, will seek a main-board flotation in September. The Government has a 42 per cent stake in Tradelink while HSBC Holdings and Pacific Century CyberWorks each have a 9 per cent interest. Other investors include China Resources (Holdings), Swire Pacific, Modern Terminals and Hongkong International Terminals. Tradelink's flotation plan, originally targeted for the Growth Enterprise Market, was delayed by the need to clarify the ownership of its assets with the Government, chief executive Justin Yue said. The company resumed its listing plan after an agreement was reached with the Government last November that Tradelink was the eligible sole owner of its assets, he said. In exchange for the ownership agreement, Tradelink had promised to freeze 90 per cent of its service charges this year and next, he said. Now the ownership issue had been settled, Tradelink fulfilled main-board listing requirements. Listing candidates are required to achieve profits of HK$50 million for the past three years. Mr Yue said Tradelink recorded an estimated net profit of HK$100 million last year after its wholly owned company Digi-Sign signed a memorandum of understanding with the Bank of East Asia (BEA) to promote secure electronic commerce. Meanwhile, BEA general manager and head of corporate banking division, Adrian Li, yesterday welcomed Beijing's move to allow Hong Kong banks to run yuan business, saying it could help boost its yuan lending business in Shenzhen and Shanghai. Mr Li hoped loan demand, which had been undermined by the unfavourable investment climate, would be strengthened later this year following an improvement in the economy.