GLONGHUI, Oct. 13 | CITIC Lyon released a report. It is estimated that Hong Kong property prices will fall by another 17% after the annual high level. Since Changshi has shown that the market downturn is still capable of strong sales, developers will need the same 15-20% discount thereafter. Otherwise, sales will be disappointing, and it is expected that the price reduction war has only just begun. The profitability of Hong Kong developers will inevitably be affected, and there is a risk of higher dividend cuts per share, including Sun Hung Kai Properties and New World. Meanwhile, the bank downgraded Henderson Land's rating from “buying” to “outperforming the market”, believing that although there may be policy surprises in the October 25 “Policy Address”, rising interest rates are still the biggest concern.