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The General Office of the Ministry of Industry and Information Technology and the General Office of the General Administration of Market Supervision issued a notice on promoting automobile companies to standardize supplier account payments and optimize account period management, which states that priority guarantees are given to small and medium-sized enterprises. Automobile companies are encouraged to complete payment of the purchase price to the SME supplier within 30 days from the date the goods are accepted, within a maximum period of 60 days, and all payments are encouraged to be made in cash. Where the payment method is not specified in the contract, cash shall be used to pay SME accounts, and commercial money orders or electronic accounts receivable shall not be used in place of payment. Large automobile companies and their wholly-owned or holding subsidiaries, especially leading enterprises, are encouraged to pay accounts to small and medium-sized enterprises in cash within 60 days from the date of delivery of goods, projects, and services. Automobile companies should establish and improve risk control and compliance management systems, and urge subordinate enterprises and assembly suppliers to pay SME accounts in a timely manner. The SME status can be queried through the “SME Size Type Self-Test Mini Program” in the “Public Service Platform” module of the Ministry of Industry and Information Technology's official website. Where there is a dispute about the size type of small and medium-sized enterprise, it is possible to apply for certification to the general management department responsible for promoting small and medium-sized enterprises of the local people's government at or above the county level where the party claiming to be the SME party is located.
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The General Office of the Ministry of Industry and Information Technology and the General Office of the General Administration of Market Supervision issued a notice on promoting automobile companies to standardize supplier account payments and optimize account period management, which states that priority guarantees are given to small and medium-sized enterprises. Automobile companies are encouraged to complete payment of the purchase price to the SME supplier within 30 days from the date the goods are accepted, within a maximum period of 60 days, and all payments are encouraged to be made in cash. Where the payment method is not specified in the contract, cash shall be used to pay SME accounts, and commercial money orders or electronic accounts receivable shall not be used in place of payment. Large automobile companies and their wholly-owned or holding subsidiaries, especially leading enterprises, are encouraged to pay accounts to small and medium-sized enterprises in cash within 60 days from the date of delivery of goods, projects, and services. Automobile companies should establish and improve risk control and compliance management systems, and urge subordinate enterprises and assembly suppliers to pay SME accounts in a timely manner. The SME status can be queried through the “SME Size Type Self-Test Mini Program” in the “Public Service Platform” module of the Ministry of Industry and Information Technology's official website. Where there is a dispute about the size type of small and medium-sized enterprise, it is possible to apply for certification to the general management department responsible for promoting small and medium-sized enterprises of the local people's government at or above the county level where the party claiming to be the SME party is located.
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