Rahulpereira,
Happy New Year to you as well.
Just wanted to say, don't get discouraged if your wait is beyond 8 weeks. This "8 week wait period" was in effect when the CX Cadet Program was opened only to HK citizens. Now with the huge intake of applications, it is probable that it will take longer, and they just haven't changed the "8 week" message on the website/application.