Cathay Pacific: the one that got away?

A Hong Kong shopping spree by China's major enterprises shows no sign of abating. But adding a premium airline to the basket now looks less likely.

China Inc has been on an aggressive shopping spree in Hong Kong.

State-owned and private players have snapped up everything from the Tung' family's Orient Overseas International shipping empire to the traditional voice of the local establishment, the South China Morning Post.

Most recently was the eyebrow-raising deal for The Center, a 73-storey downtown skyscraper previously owned by Asia's richest man, Li Ka-shing.  A Chinese group paid CK Asset Holdings a hefty HK$40.2 billion $5.15 billion for The Center International, the holding company for most of the floors in the building.

To add intrigue to the deal the most expensive...

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