Sadly, these days, no one of the Philippine banks that operate in Hong Kong issues HK$ demand draft for Hong Kong Police Clearance Application, 

based on our experience this month of June 2020. In fact, for any purpose, no bank issues a demand draft in HK$. 

Not BDO, not Metrobank, not BPI, not PNB.

In previous years, based on the experiences of others, BDO, BPI, Metrobank and PNB issued demand drafts in Hong Kong dollars. These days, they no longer do it. 

Why? Maybe because of political developments in Hong Kong that could make the Hong Kong dollar unstable. Maybe Philippine banks have had bad experiences with clearing HK$ demand drafts. Maybe issuing HK$ demand drafts is not profitable. 

Maybe the foreign bank Citibank issues HK$ demand drafts, but how many of us have a Citibank account? 
It's minimum Total Relationship Balance requirement is 1 million pesos.

and I'm not able to get a demand draft in Hong Kong dollars?

Which Philippine banks have branches in Hong Kong? 

and could issue HK$ demand drafts if they wanted to?

BDO Unibank
Ground Floor, Euro Trade Centre
13-14 Connaught Road
Central, Hong Kong

Philippine National Bank (PNB)
Unit 902 9th Floor, Tung Wai Commercial Building
109-111 Gloucester Road, Wanchai, Hong Kong

Metrobank does not have a branch in Hong Kong, but it has remittance offices and a representative office.

Metro Remittance (Hong Kong) Limited
Shop 2042-A 2nd Floor,
United Centre Shopping Arcade
95 Queensway, Central Hong Kong, SAR
Have branches in Tsuen Wan, Worldwide House Central Hong Kong, Shatin and Tseung Kwan O

Metrobank Hong Kong Representative Oce
Unit D, 15/F, United Centre Bldg.
95 Queensway Rd., Hong Kong

Bank of the Philippine Islands (BPI) does not have a branch in Hong Kong, but it has 3 remittance offices and an international finance company.

BPI Remittance Centre Hong Kong Ltd.
Worldwide Branch
Shop 114, 1st Floor, Worldwide House,
19 Des Voeux Road, Central HK

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