On September 14, the Information Office of the State Council held a routine policy briefing to introduce the work related to strengthening the management of repayment difficulties for small and medium-sized enterprises. Vice Minister of Industry and Information Technology Ke Jixin said that the “Notice on Strengthening the Work Related to the Management of Payment Difficulties in Small and Medium Enterprises” makes a series of requirements for large enterprises to “reduce the payment period, reduce the size of accounts payable, and increase the ratio of cash income.” We can feel that large enterprises may be under some pressure for a short period of time when implementing the relevant requirements, so make special arrangements in full consideration of the relevant circumstances. The “Notice” makes it clear that financing support should be strengthened for large enterprises that actively implement relevant requirements. The financial department will actively guide commercial banks to support large enterprises to replace accounts payable through loan and debt issuance financing methods, relieve financial pressure on large enterprises, and make timely payments to upstream and downstream enterprises.

On September 14, the Information Office of the State Council held a routine policy briefing to introduce the work related to strengthening the management of repayment difficulties for small and medium-sized enterprises. Vice Minister of Industry and Information Technology Ke Jixin said that the “Notice on Strengthening the Work Related to the Management of Payment Difficulties in Small and Medium Enterprises” makes a series of requirements for large enterprises to “reduce the payment period, reduce the size of accounts payable, and increase the ratio of cash income.” We can feel that large enterprises may be under some pressure for a short period of time when implementing the relevant requirements, so make special arrangements in full consideration of the relevant circumstances. The “Notice” makes it clear that financing support should be strengthened for large enterprises that actively implement relevant requirements. The financial department will actively guide commercial banks to support large enterprises to replace accounts payable through loan and debt issuance financing methods, relieve financial pressure on large enterprises, and make timely payments to upstream and downstream enterprises.