Vice Minister of Industry and Information Technology Ke Jixin explained that recently, after review and approval by the executive meeting of the State Council, the General Office of the State Council issued and announced the “Notice on Strengthening the Work Related to Managing Difficulties in Small and Medium Enterprises”. The “Notice” adheres to problem orientation and proposes 10 measures in 4 areas. The main ones include: First, improving industry account payment rules. The second is to strengthen supervision of the payment practices of large enterprises. The third is to standardize the management of non-cash payment instruments. Fourth, strengthen the efficiency of capital transmission and financing support. The “Notice” emphasizes that all relevant departments in all regions should strengthen work coordination, strengthen vertical coordination, consolidate responsibilities and continue to advance, insist on guiding correction and law enforcement and accountability, promote the overall improvement of the problem of small and medium-sized enterprises in repayment difficulties, and create a good ecosystem for integrated development, mutual benefit and win-win situation for large, medium, and small enterprises.

Vice Minister of Industry and Information Technology Ke Jixin explained that recently, after review and approval by the executive meeting of the State Council, the General Office of the State Council issued and announced the “Notice on Strengthening the Work Related to Managing Difficulties in Small and Medium Enterprises”. The “Notice” adheres to problem orientation and proposes 10 measures in 4 areas. The main ones include: First, improving industry account payment rules. The second is to strengthen supervision of the payment practices of large enterprises. The third is to standardize the management of non-cash payment instruments. Fourth, strengthen the efficiency of capital transmission and financing support. The “Notice” emphasizes that all relevant departments in all regions should strengthen work coordination, strengthen vertical coordination, consolidate responsibilities and continue to advance, insist on guiding correction and law enforcement and accountability, promote the overall improvement of the problem of small and medium-sized enterprises in repayment difficulties, and create a good ecosystem for integrated development, mutual benefit and win-win situation for large, medium, and small enterprises.