STOCKS | Dah Sing Banking Group Survey: 74% of Hong Kong SMEs Hit by Cross-Border Spending

Dah Sing Banking Group (2356) released its SME questionnaire survey, showing that about 74% of Hong Kong small and medium-sized enterprises said their revenue was affected to varying degrees as spending in mainland China and cross-border shopping become more common, according to Ming Pao. The bank said it conducted an online survey in May, interviewing 343 Hong Kong SMEs. Nearly 20% of respondents reported revenue declines of more than 20%.