What is the relationship between China Resources and Hong Kong in the context of the input sentence. Choose an answer from: 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.

China Resources won approval from the Hong Kong colonial government to set up Nanyang in 1949, the year the People's Republic of China was founded, according to the conglomerate's website.

Answer: headquarters_location