Refer to the input text as context and select the correct relationship between 'CLSA' and 'Hong Kong' from the available options.
Options: headquarters location, member of, brand, director/manager

Before a presentation to a CLSA conference in Hong Kong this week, ANZ released a 95-page slide pack on Monday afternoon, along with a statement declaring its China assets "have a stronger average credit rating than ANZ's institutional assets in Australia and New Zealand".
headquarters location