My solid education paid off in my ability to take on a variety of responsibilities in China’s booming economy. After I obtained my Bachelor’s Degree in Economics in 1990, I first took up the job of an assistant to the funding manager at the China National Technical Import & Export Corporation, where I gradually developed into an experienced accounting professional. Upon a meticulous analysis of the company’s financial statements, reports and other records, I found its financing policy skewed. It was borrowing billions of RMB with high interest rates while maintaining large bank deposits at low interest rates. Together with my supervisor, I rewrote the financing policy, saving the corporation approximately thirty million yuan. To maximize financing efficiency, I also developed an internal banking system that, by closely tracking the actual funding supply and demands of different departments and projects, made full use of the corporation’ financial resources. For this, I received special commendation from the president of the corporation.
Since 1993, I have been meeting increasingly greater challenges at the China Kingdom Import & Export Corporation, a company that I helped to set up. As head of the company’s Financial and Accounting Division, I formulated its accounting rules and policies, internal control mechanism, financing plans, contract-control systems, and many other crucial policies. By meticulous budgeting and accounting, my division played a very important role in the corporation’s rapid growth, which reached an annual total of sales of US $30,000,000 in 1997. This impressive track record now gives it a strong competitive edge over others. It enjoys an A credit rating by the China Merchants Bank, and has been designated an honor importer by the U.S.A Sea-food Association.
Having been in business for eight years, I feel that I have not taken full advantages of my potential, all my achievements notwithstanding. I have practiced my professional expertise in accounting, demonstrated my leadership abilities and perfected my communication skills. But I have yet to become an entrepreneur in my own right, and to fully master the art of modern business. I want to be trained more vigorously in scientific methods of analysis and synthesis. As China’s embrace of market economy gets consolidated, it creates a lot of opportunities and challenges that I do not yet feel fully confident to seize. I need to understand better how a full-blown market economy like that of the United States really works. I am sure that, in many respects, China’s development in the coming decades will mirror the American experience in the past. My business career has so far benefited mostly the companies that I worked for, but a good business education in America will probably spell the beginning of a new era for me. It should be the final leg of my journey before I achieve significant financial success for myself.
Your university is well known for its excellence in American business education. I am sure that, with my extensive business experience on forefront of China’s economic reform and development, I can be a worthy student of yours. I am anxious to benefit from your seasoned guidance and take advantage of your research facilities. If you accept me, you will be not only taking me farther away from the destitution I suffered as a child but also putting me in a position to help lift multitudes of Chinese pe
