Utilize the input text as a context reference, choose the right relationship between CLSA and Hong Kong from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

CLSA analyst Elinor Leung in Hong Kong said Alibaba’s share price fall overnight reflected wider concerns about the global economy more than issues specific to Alibaba.

Answer: headquarters_location