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On September 14, Pei Renyi, head of the Financial Supervision and Operation Evaluation Bureau of the State Council's State-owned Assets Administration Commission, stated at the State Council's policy routine briefing that it will push central enterprises to take the lead in three areas. First, take the lead in not defaulting on arrears. Central enterprises will actively raise funds for discovered default arrears based on the principle of collaborative development between large, medium, and small enterprises to ensure timely payment. The second is to take the lead in invoicing less and paying more. Since 2024, the State Council's State-owned Assets Administration Commission has required central enterprises to make all payments in cash for small and medium-sized enterprises. In the future, cash payments must be used as a hard lever and implemented well for small and medium-sized enterprises. At the same time, central enterprises will also take into account their own reality, maintain a reasonable cash payment ratio for other large enterprises, promote the transmission of cash payments along the industrial chain, strictly manage the use of tickets, and strictly prohibit issuing tickets for more than 6 months. The third is to take the lead in breaking unreasonable rules and practices. The relevant departments will formulate and improve payment and settlement regulations and relevant requirements for information disclosure in various industries. The State Council's State-owned Assets Administration Commission will supervise and guide central enterprises to take the lead in complying with the regulations in their industry sectors, take the lead in clarifying key elements in contracts, take the lead in responding to and implementing timely industry payment initiatives, take the initiative to disclose information, and consciously accept supervision by the whole society.

Zhitongcaijing·09/14/2026 07:41:05
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On September 14, Pei Renyi, head of the Financial Supervision and Operation Evaluation Bureau of the State Council's State-owned Assets Administration Commission, stated at the State Council's policy routine briefing that it will push central enterprises to take the lead in three areas. First, take the lead in not defaulting on arrears. Central enterprises will actively raise funds for discovered default arrears based on the principle of collaborative development between large, medium, and small enterprises to ensure timely payment. The second is to take the lead in invoicing less and paying more. Since 2024, the State Council's State-owned Assets Administration Commission has required central enterprises to make all payments in cash for small and medium-sized enterprises. In the future, cash payments must be used as a hard lever and implemented well for small and medium-sized enterprises. At the same time, central enterprises will also take into account their own reality, maintain a reasonable cash payment ratio for other large enterprises, promote the transmission of cash payments along the industrial chain, strictly manage the use of tickets, and strictly prohibit issuing tickets for more than 6 months. The third is to take the lead in breaking unreasonable rules and practices. The relevant departments will formulate and improve payment and settlement regulations and relevant requirements for information disclosure in various industries. The State Council's State-owned Assets Administration Commission will supervise and guide central enterprises to take the lead in complying with the regulations in their industry sectors, take the lead in clarifying key elements in contracts, take the lead in responding to and implementing timely industry payment initiatives, take the initiative to disclose information, and consciously accept supervision by the whole society.