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Relevant Officials of the Ministry of Industry and Information Technology Interpret the Regulations on Safeguarding Payment of Small and Medium-sized Enterprises
2020-07-17

Small and medium-sized enterprises occupy an important position in China's economy and industrial chain supply chain. To stabilize the basic economic situation, efforts should be made to help small and medium-sized enterprises tide over the difficulties. In recent years, the problem of arrears of accounts to small and medium-sized enterprises has become more prominent, which has a negative impact on the healthy development of small and medium-sized enterprises. It is necessary to establish a long-term mechanism to prevent and resolve the problem of arrears.

 

At the State Council's regular policy briefing held by the State New Office on the 17th, relevant officials of the Ministry of Industry and Information Technology interpreted the "Regulations on Safeguarding Payment of Small and Medium-sized Enterprises" and responded to topics such as protecting the legitimate rights and interests of small and medium-sized enterprises.

 

Vice Minister of Industry and Information Technology Wang Jiangping said that in recent years, due to the complicated and changeable economic situation at home and abroad and the downward pressure of the economy, the payback period of enterprise accounts has been extended, and some government agencies, institutions and large enterprises have defaulted on the payment of small and medium-sized enterprises to varying degrees. Faced with the impact of the epidemic, small and medium-sized enterprises are under heavy pressure, and the difficulties in collecting money have intensified, making enterprises "even worse".

 

Data from the Ministry of Industry and Information Technology show that at the end of May, the accounts receivable of regulated small and medium-sized industrial enterprises increased by 17.5% year on year, and the average payback period of accounts receivable of small and medium-sized enterprises increased by 13.2 days over the same period last year.

 

The Party Central Committee and the State Council attach great importance to ensuring the payment of funds by small and medium At the end of 2018, the Office of the Inter-ministerial Joint Meeting of the State Council to Reduce the Burden on Enterprises launched a special campaign to clear up the accounts owed to small and medium-sized enterprises of private enterprises, with positive results. Data from the Ministry of Industry and Information Technology show that in the first half of this year, government departments and large state-owned enterprises nationwide paid off 95.6 billion yuan in arrears to private and small and medium-sized enterprises.

 

Xu Kemin, director of the Department of Industrial Policies and Regulations of the Ministry of Industry and Information Technology, said that the regulations closely focus on protecting the legitimate rights and interests of small and medium-sized enterprises, strengthening the integrity of the government and the honesty and trustworthiness of large enterprises, summarizing the practical experience in clearing the accounts owed to small and medium-sized enterprises in private enterprises, and legalizing effective policies and measures. In view of the social concern that small and medium-sized enterprises are required to advance funds for construction, a legal system for preventing and resolving arrears of funds for small and medium-sized enterprises has been established through measures such as source control, appropriate supervision and guidance, and strengthening responsibilities and obligations.

 

Wang Jiangping said that the Ministry of Industry and Information Technology has set up a registration (complaint) platform for defaulting on the payment of small and medium-sized enterprises, which will be put into operation in April 2019. It mainly accepts the registration (complaint) of defaulting on the payment of small and medium-sized enterprises of private enterprises by state organs, public institutions and state-owned enterprises. At the same time, the Ministry of Industry and Information Technology has instructed departments responsible for clearing debts around the country to establish and publish channels to accept complaints about accounts owed to small and medium-sized enterprises of private enterprises. The next step will be to improve the registration (complaint) platform, promote the improvement of the complaint handling mechanism, and ensure that small and medium-sized enterprises' complaints "are available one by one and everything is answered".

 

At the same time, the Ministry of Industry and Information Technology will strengthen supervision and inspection, strengthen punishment for dishonesty, strengthen restraint mechanisms, and increase third-party services to improve the awareness and ability of small and medium-sized enterprises to safeguard their rights.