The Bear and China?

The WSJ has, for the past two days, had a prominent article on the prospect of Bear Stearns partnering up with a China Construction Bank. The Journal alludes to discussions between the venerable Jimmy Cayne and Ace Greenberg and China Construction Bank officials that have centered on the possibility that CCB could invest $4 billion in the Wall Street firm in the form of convertible bonds. CCB has denied the rumors.