Brunos I have never disagreed that the airline operates its flying operations only out of its Hong Kong base (at the moment) however the company that controls it is British and has 'owned' the airline for over 70 years. Possibly you have not noticed that every Cathay Pacific aircraft carries a large SWIRE logo.
There has not been much comment re the airline dropping 'Pacific' from its logo but it would not have been without a significant strategic purpose.