Leading financial firm China CITIC Group (CITIC) is bidding for a stake in Bear Stearns， one of Wall Street's top investment banks， top officials said onOctober 16 in Beijing. Jiang Dingzhi， Vice-Chairman of the China BankingRegulatory Commission (CBRC)， and Chang Zhenming， President of CITIC Group， said the group is keen on a stake in the U.S.bank. Neither Jiang nor Chang would reveal any more details such as the size of the stake or the price.

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