Hong Kong is fast becoming a "graveyard" for unemployed pilots from around the globe whose state airlines have gone bankrupt ( Alitalia ) or independents that have failed ( Air Berlin and Monarch ).
CAD will accept any license it seems although this is not reciprocated with by other agencies. The executive pilot experience levels are frightening.
As a result the old players( CX and KA ) are taking advantage and reducing packages to the lowest common denominator and will pay market rates.
Elsewhere, in the real world, airlines are cottoning on to a worldwide pilot shortage and upping their deals to attract new talent now.
Like the housing market in Hong Kong the pilot demand and supply model is badly broken and when the "crash" comes !