Beijing has reacted positively to a request by Hong Kong lenders that they be allowed to conduct trade-related yuan business, top mainland officials told a Hong Kong Association of Banks (HKAB) delegation yesterday. However, mainland authorities have decided against quick approval of another request that would allow Hong Kong banks to issue ATM cards or debit cards to mainland customers across the border. The HKAB delegation, led by Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong, presented the requests during their annual visit to Beijing yesterday. They held separate meetings with Vice-Premier Huang Ju, China Banking Regulatory Commission head Liu Mingkang and People's Bank of China governor Zhou Xiaochuan, Hong Kong banks have been allowed to conduct personal yuan services, including deposit taking, remittances, exchange and credit cards, since January. According to HKMA figures, 7.2 billion yuan had been deposited with Hong Kong banks by the end of July. The bankers yesterday said they could do more - including lending in yuan, trading of yuan-denominated bonds and trade-related yuan business such as trade settlement, remittance and exchange for corporate clients. HKAB chairman Peter Wong Tung-shun said the mainland officials had responded positively with regard to trade-related yuan services, because of the rising numbers of mainland privately owned enterprises listing in Hong Kong. 'There are huge demands for the Hong Kong banks to provide trade-related yuan services for corporate clients,' Mr Wong said. 'We felt that the mainland authorities also understand the situation, so this could be the next liberalisation of services.'' Mr Yam said when the details were worked out, Hong Kong would submit a formal proposal for Beijing's approval.