China Rejects Reciprocity in Hong Kong & NYC. @GordonG.Chang, @ThadMcCotter. Rod Meloni, WDIV-TV.

May 03, 2016, 03:31 AM

05-02-2016 (Photo: ‪File:US Navy 070727-N-8868D-030 The evening skyline of Hong Kong as viewed from Victoria Peak. #VictoriaPeak was one of many places, attractions and tours ...‬) http://JohnBatchelorShow.com/contact http://JohnBatchelorShow.com/schedules http://johnbatchelorshow.com/blog Twitter: @BatchelorShow #China Rejects Reciprocity in #HongKong & NYC. @GordonG.Chang, @ThadMcCotter. Rod Meloni, WDIV-TV. “One of China’s biggest lenders is planting its flag in the middle of #Manhattan, a symbolic move for a bank with ambitions to challenge Wall Street on its home turf. #BankofChina is preparing to move its U.S. headquarters this fall to a new 450-foot-tall glass tower overlooking #BryantPark, leaving the low-slung brick building on New York City’s East Side that has been its home for 35 years. The bank will occupy more than half of the 28-story building, which it acquired for nearly $600 million in 2014. “The move reflects the bank’s burgeoning business in the U.S., where assets soared to $78 billion last year from $13.9 billion in 2010, according to the Federal Reserve….”

http://www.wsj.com/articles/coming-to-midtown-bank-of-china-1462008602