Driven by HKD deposits, deposits in Hong Kong banks continued to grow by 0.8% MoM or 3.5% YoY, according to a report from HSBC Global Research. The vibrant capital market was also conducive to financing demand.Meanwhile, property development and investment loans fell by 2.7% QoQ or 13.4% from the peak in 2022, but the number of active IPO applications rose to 161 from 120 in March, said the report. Looking ahead, the strong IPO momentum will benefit both Hong Kong banks' turnover and margin financing demand.Related NewsCICC: HSI Could Return to 24,000 Lv. Under Optimistic Scenario; Tariff Talks, Domestic Stimulus Clarity Needed for Medium- to Long-TermHSBC Global Research was bullish on BOC HONG KONG (02388.HK) +0.150 (+0.459%) Short selling $165.20M; Ratio 27.705% and BANK OF E ASIA (00023.HK) -0.020 (-0.181%) Short selling $2.77M; Ratio 25.344% in the banking sector. It also preferred HKEX (00388.HK) +4.000 (+1.092%) Short selling $744.15M; Ratio 15.924% .(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-07 16:25.)