Megi has indeed weakened somewhat, continued moving towards border between Guangdong and Fujian provinces.
Number 3 strong wind signal still in effect, yet Number 8 does not seem too likely. (There was brief mention by HK Observatory late last night that No 8 would probably not be issued before noon; yet no mention of it on current report.)
Maybe Number 3 won't be needed too much longer – wind speeds have dropped somewhat, pressure rising, though we can still expect squally showers over weekend.