UPDATE 1-HKEX CEO says Hong Kong handover model flawed from the start <!-- no image --> <div>* Li says need for "grand bargain" of rights plus Chinese rule (Adds more quotes, background)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=XvEo_MEqhqA:Xo1n78u1pUc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=XvEo_MEqhqA:Xo1n78u1pUc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=XvEo_MEqhqA:Xo1n78u1pUc:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=XvEo_MEqhqA:Xo1n78u1pUc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=XvEo_MEqhqA:Xo1n78u1pUc:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/XvEo_MEqhqA" height="1" width="1" alt=""></div> Posted by Reuters