It is funny how some airlines get on the European "blacklist" because their home country's regulatory agency lacks oversight. All these half-ass policies that the HKCAD signs off on is amazing. Even the most absent of the regulatory agencies would shutt an airline down if their pilots did not have valid manuals.
Instead of going out and spending the money to do something right the first time around they try and do things half-ass, in-house or from Shenzen - which always ends up costing them more money in the long run anyway.
Problem is Cathay, like most businesses, will not spend a dime unless they are told they have to. How many times has it been proved that self police-ing does not work.