B · Normal
[Office of the State Council: Establish and improve the account monitoring mechanism for large enterprises, focusing on large enterprises with large accounts payable and abundant cash assets] On September 10, the General Office of the State Council issued a notice on strengthening the management of the problem of payment difficulties for small and medium-sized enterprises. It pointed out that interviews and rectification should be carried out. Establish and improve the account monitoring mechanism for large enterprises, focusing on large enterprises with large accounts payable and abundant cash assets. For large enterprises that intentionally lengthen their billing periods, the industry authorities or regulatory authorities, the People's Bank of China, the State Administration for Market Regulation, etc. will conduct joint interviews and supervise rectifications, and the relevant local people's governments will cooperate in the supervision and rectification work. For companies that refuse to make corrections after interviews, joint punishments will be implemented in accordance with laws and regulations; for companies that are found to be seriously untrustworthy, they will be publicized on the "Credit China" website and penalties for breach of trust will be implemented in accordance with laws and regulations.
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