Huaqin Technology (03296), Xizhi Tech-P (01879), and Mabwell-B (02493) are currently in the process of their initial public offerings. As of April 20, brokerages including Futu Securities and Phillip Securities have provided HKD 191.721 billion in margin financing for Huaqin Technology, representing an oversubscription of over 421.43 times. For Xizhi Tech-P, they have provided HKD 45.88 billion, resulting in an oversubscription of over 363.07 times. For Mabwell-B, HKD 2.623 billion was lent, leading to an oversubscription of over 18.11 times.