SASAC · Full chronicle and history

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.

On September 14, the State Council (State-owned Assets Supervision and Administration Commission) stated at a State Council Information Office policy briefing that central enterprises will take the lead in raising funds and ensuring timely payment. It required large enterprises to compress the maximum payment period for small and medium-sized enterprises to within 60 days, strictly prohibited issuing new bills with a term of more than 6 months, and called for joint interviews and rectifications targeting large enterprises that intentionally prolong account periods.