The bank said in a statement to the Shanghai Stock Exchange that it has not held any talks with Bear Stearns or any other relevant parties and no intention or agreement was reached on buying shares of Bear Stearns.

Until now, the bank has no plan to acquire a stake in Bear Stearns, according to the statement dated Oct. 16.

The nation's seventh-largest lender by assets also pledged thatit will not draw up a bidding plan within at least the next three months.

On Tuesday, media cited Jiang Dingzhi, vice-chairman of the China Banking Regulatory Commission, as saying that China Citic Bank was bidding for part of Bear Stearns, which was hard hit in the U.S. sub-prime crisis.