State-Owned Assets Regulator Requires Central SOEs to Dynamically Clear Arrears Owed to SMEs and Pay in Cash

The State-Owned Assets Supervision and Administration Commission (SASAC) requires central state-owned enterprises to dynamically clear defaults and arrears owed to small and medium-sized enterprises, with cash payment becoming a mandatory requirement. No new bills or notes with terms exceeding 6 months will be issued, and SMEs can report arrears issues to central SOEs and SASAC platforms.