At a State Council Information Office briefing on September 14, it was announced that the General Office of the State Council has issued a new notice, requiring guidance for large enterprises to reduce the maximum payment period for small and medium-sized enterprises to within 60 days and to standardize payment rules across industries.
To address the difficulty SMEs face in collecting receivables, the General Office of the State Council issued a special notice, putting forward 10 measures in four areas, requiring large enterprises to shorten the maximum payment period for SMEs to within 60 days, and pushing leading enterprises to honor a “60-day cash payment commitment.”
The joint issuance of a notice on making every effort to do a good job in flood and drought prevention by the CCP Central Committee Office and the State Council Office is seen as an unusual signal of military deployment and preparation.
The General Office of the State Council released new regulatory rules for private equity funds, known as State Council Document No. 54. Combined with the speech at the Asset Management Association conference and the new 'Nine Rules' policy system, this further tightens the space for institutional excess returns.
On July 24, 2021, the General Office of the CCP Central Committee and the General Office of the State Council issued the "Double Reduction" guidelines, prohibiting academic after-school tutoring institutions from listing for financing and making profits. This led to the bankruptcy of a large number of companies in the tutoring industry and mass unemployment for workers.
The General Office of the CCP Central Committee and the General Office of the State Council issued the Opinions on Further Easing the Burden of Homework and Off-Campus Tutoring on Students in Compulsory Education, delivering a devastating blow to the tutoring industry.