Pei Renyi, head of the Financial Management and Operation Bureau of the State Council's State-owned Assets Administration Commission, said at the State Council's policy routine briefing held by the State Information Office on the 14th that the “Notice on Strengthening the Work Related to Managing Payment Difficulties for Small and Medium Enterprises” puts forward special requirements for central enterprises to play an exemplary role. Next, central enterprises will actively raise funds to ensure timely payments; in the future, they must also adhere to cash payments to small and medium-sized enterprises as a “hard lever”, and at the same time maintain a reasonable cash payment ratio for large enterprises in line with their own reality, promote transmission along the business chain, and strictly prohibit the issuance of new “tickets” for more than 6 months; they will urge central enterprises to take the lead in complying with the regulations in their industry sector, and take the lead in clarifying the four key elements in the contract, and take the lead in responding to and implementing the industry's timely payment initiative, etc.

Pei Renyi, head of the Financial Management and Operation Bureau of the State Council's State-owned Assets Administration Commission, said at the State Council's policy routine briefing held by the State Information Office on the 14th that the “Notice on Strengthening the Work Related to Managing Payment Difficulties for Small and Medium Enterprises” puts forward special requirements for central enterprises to play an exemplary role. Next, central enterprises will actively raise funds to ensure timely payments; in the future, they must also adhere to cash payments to small and medium-sized enterprises as a “hard lever”, and at the same time maintain a reasonable cash payment ratio for large enterprises in line with their own reality, promote transmission along the business chain, and strictly prohibit the issuance of new “tickets” for more than 6 months; they will urge central enterprises to take the lead in complying with the regulations in their industry sector, and take the lead in clarifying the four key elements in the contract, and take the lead in responding to and implementing the industry's timely payment initiative, etc.