- published: 31 Jan 2013
- views: 630
CITIC Group Corporation (Chinese: 中信集团公司; pinyin: Zhōngxìn Jítuán Gōngsī), formerly the China International Trust and Investment Corporation, is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing.
Its initial aim was to "attract and utilize foreign capital, introduce advanced technologies, and adopt advanced and scientific international practice in operation and management." It now owns 44 subsidiaries including China CITIC Bank, CITIC Holdings, CITIC Trust Co. and CITIC Merchant Co., Ltd (mainly banks) in China, Hong Kong, the United States, Canada, Australia and New Zealand.
The founder of CITIC, Rong Yiren, is one of the richest businessmen in China in the 1980s. He was also one of the earliest capitalists who stayed in mainland China. .
It was reported on September 17, 2008, that CITIC was in talks to acquire Morgan Stanley. Instead Morgan sold a substantial portion of their company to Mitsubishi UFJ Financial Group in addition to applying for $10 billion from the Treasury Department as part of the $700 billion Troubled Asset Relief Program.
I'm stupidly happy
Everything's fine
I'm stupidly happy
My heart pumping wine
I'm stupidly happy
With idiot grin
I'm stupidly happy
You won't catch me in
All the birds of the air call your name as they land on my kitchen roof
All the fish in the sea do the same if you need extra proof
I'm stupidly happy
My vision is skewed
I'm stupidly happy
I'm coming unscrewed
And if the Devil walks up dressed in any disguise
I take him by the collars look him in the eye
I'm stupidly happy
Now you're my defense
I'm stupidly happy
It's all making sense
I'm stupidly happy
I roll like a train
I'm stupidly happy
With you in my brain
All the lights of the cars in the town form the strings of a big guitar
I'm a giant to play you a tune for wherever you are
I'm stupidly happy
Are the words to that song
I'm stupidly happy
And nothing is wrong
And should the Devil walk up with his business card out
I'll tear it to confetti with a grin and shout,
"I'm stupidly happy"
All of the time
I'm stupidly happy
Now you're mine