After your BitBlt and before you select a bitmap from hdcMem, you can do this:
CURSORINFO cursor = { sizeof(cursor) };
::GetCursorInfo(&cursor);
if (cursor.flags == CURSOR_SHOWING) {
RECT rcWnd;
::GetWindowRect(hwnd, &rcWnd);
ICONINFOEXW info = { sizeof(info) };
::GetIconInfoExW(cursor.hCursor, &info);
const int x = cursor.ptScreenPos.x - rcWnd.left - rc.left - info.xHotspot;
const int y = cursor.ptScreenPos.y - rcWnd.top - rc.top - info.yHotspot;
BITMAP bmpCursor = {0};
::GetObject(info.hbmColor, sizeof(bmpCursor), &bmpCursor);
::DrawIconEx(hdcMem, x, y, cursor.hCursor, bmpCursor.bmWidth, bmpCursor.bmHeight,
0, NULL, DI_NORMAL);
}
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