Wealth Woman CFO Yu Chuyuan'S Growth Process

Ms. Yu Chuyuan joined Sohu as chief financial officer in March 2004 and has 19 years of experience in finance, accounting and investment banking.

Ms. Yu Chuyuan served as an audit partner of Andersen's accounting firm before joining the Sohu. He worked in Hongkong, Toronto and Beijing for 10 years.

She served as general manager of Andersen Huaqiang office, a joint venture accounting firm between Andersen and the Ministry of finance.

Ms. Yu Chuyuan has been the senior vice president of Donald sonLufkin & Jenrette Securities Corporation, the US investment bank, and is responsible for China's investment banking business.

Ms. Yu Chuyuan graduated from Hong Kong Polytech University and has a certified public accountant qualification in Hongkong.

Beautiful women have no brains. The women below are also born with beauty, wealth and pride.

"The significance of CFO lies in promoting, promoting and ensuring the realization of the ideals of the highest decision-makers in the enterprise.

An obvious fact is that China is not short of these legendary heroic CEO, but the characters who can pform heroic legends into reality are rare, but can not be met.

- from a CFO.

In the evening of March 25th, Yu Chuyuan prepared a very special Party in Beijing. Her participants were her colleagues and business partners.

At the party, she had a wonderful extrication and relaxation. "The Sohu's 404 report will come out in April, and our judgement should be clear.

Our team has been working overtime for more than a year, and it has been filled with emotion and gratitude.

The report referred to by Yu Chuyuan refers to the requirement of the 404 most stringent financial act in 2002, the Sarbanes Oxley act, adopted by the United States.

As a CFO of an American listed company, Yu Chuyuan has been in Sohu for a full year.

In the past year, in order to make the company meet the requirements of the 404 clause, she said she and her team had been tortured. "Sohu has been established for 7 years and has been on the market for 5 years. Now it is going to be with Coca-Cola, IBM, YAHOO!"

And so on.

There is a seemingly simple requirement in the 404 clause that every person in a listed company must have a corresponding job description.

Now there are 1300 people in Sohu, sometimes hundreds of people will be recruited in one quarter, and business changes are too big. It is no easy task to achieve this requirement.

Yu Chuyuan regards this harsh law as a great challenge for her career.

But in Sohu, she has to deal with more than 10 points every day, as far as the recent acquisition of GoToMap and company stock buybacks, so as to locate, decorate and move the new office. "It is hard to imagine that if I returned to the office more than a year ago, there would not be so many general accountants in a company."

11 years ago, Yu Chuyuan, a senior executive of Adachi Nobu, moved from Hongkong to Beijing, and liked to stay in the city.

Over the past 10 years, there has been a great change in the Chinese business community. Yu Chuyuan said, "I have seen from a very cosmopolitan Sohu such as a company in the ravine ditch 11 years ago."

Yu Chuyuan believes that every step in this evolution is smooth and silent. But today, there is still a huge gap between Chinese enterprises and multinational companies. "Especially those like CFO are still very scarce."

Potential shifts easily.

When more and more Chinese companies are heading for overseas capital markets, the domestic capital market has shifted from "helping the state-owned enterprises out of difficulty" to paying more and more attention to the value of the company.

After joining the WTO, Chinese enterprises have less than 3 years to develop under the umbrella.

When the operation of enterprises has become the greatest cause of our times, CFO, chief financial officer, a more professional and professional power class in corporate organizations is emerging.

In the early 1980s, the reform of enterprise financial system was the first step in the distribution of profits at the end of the chain, that is, the extraction of profits from enterprises to retain them for renovation and cost compensation.

As an independent accounting and self financing entity, enterprises are no longer a subsidiary of the government.

However, this reform has not touched on the issue of capital preservation, and the accounting system of enterprises has lagged behind the changes of financial relations between the state and enterprises.