贝尔斯登(Bear Stearns)与中国最大券商中信证券(Citic Securities)正在就去年达成的股份互换协议重新展开谈判，以更好地反映协议达成后双方股价的下跌。

　　Bear Stearns and Citic Securities, China’s largest securities firm, are renegotiating the share swap agreement they reached last year to better reflect a subsequent fall in their stock prices.

　　一位知情人士称，两家公司的高管正在讨论一项“对等调整”，这将增加双方最终持有的对方股份。

　　Senior executives from both firms are discussing a “reciprocal adjustment” that would increase the amount they eventually hold in each other, according to a person familiar with the matter.

　　根据去年10月达成的交易条款，中信证券同意支付10亿美元购入最终将转换为贝尔斯登约6%股份的证券，而美国投行贝尔斯登最终将支付同等金额，购得中信证券约2%股份。

　　Under the terms of the deal struck last October, Citic agreed to pay $1bn for securities that would convert to about 6 per cent of Bear Stearns and the US investment bank would eventually pay the same amount for about 2 per cent of Citic.

　　这宗交易仍需获得中国监管机构批准，若交易成功，作为中国国务院控制的中国中信集团(Citic Group)旗下证券交易子公司的中信证券将成为贝尔斯登的最大单一股东。

　　The deal still needs regulatory approval in China, but if successful, Citic Securities, the brokerage arm of China Citic Group, which is controlled by China’s cabinet, would BECome the biggest single shareholder of the US investment bank.

　　由外国投资者持有一家美国银行如此大规模的股份，可能会在美国引发批评。美国某些议员已对亚洲和中东主权财富基金的直接投资感到不安。

　　Such a large stake by a foreign investor in a US bank could attract criticism in the US, where some lawmakers have been unnerved by direct investments by sovereign wealth funds from Asia and the Middle East.