The State Council General Office issued a notice on strengthening governance of SMEs’ payment-collection difficulties. It mandates a monitoring system for large enterprises’ accounts payable, prioritizing firms with large payables yet ample cash or liquid assets. For large enterprises that deliberately lengthen payment terms, sector regulators or supervisory departments together with the People’s Bank of China (PBOC) and the State Administration for Market Regulation (SAMR) will conduct joint in

The State Council General Office issued a notice on strengthening governance of SMEs’ payment-collection difficulties. It mandates a monitoring system for large enterprises’ accounts payable, prioritizing firms with large payables yet ample cash or liquid assets. For large enterprises that deliberately lengthen payment terms, sector regulators or supervisory departments together with the People’s Bank of China (PBOC) and the State Administration for Market Regulation (SAMR) will conduct joint interviews to urge rectification, with local governments cooperating. Firms that refuse to correct after interviews will face coordinated sanctions under law and regulation; those judged seriously untrustworthy will be published on the Credit China website and subject to legal credit-discipline measures.