On September 14, the Information Office of the State Council held a routine policy briefing to introduce the work related to strengthening the management of repayment difficulties for small and medium-sized enterprises. Zhou Weijun, director of the Credit Supervision Department of the General Administration of Market Regulation, said that the “Regulations on Guaranteeing Payment of Funds for Small and Medium Enterprises” require enterprises to include information such as the number and amount of contracts that have not yet been paid to small and medium-sized enterprises in the annual report of the enterprise and publicize it through the National Enterprise Credit Information Publicity System. This system does not directly interfere with corporate payment decisions and actions; instead, it transforms contract performance that was originally known only to the parties to the transaction into publicly verifiable corporate credit information. The General Administration of Market Regulation will include large enterprises that do not publish relevant annual report information in accordance with the law and simultaneously push it to the relevant departments to form a closed loop of work. In the next step, the General Administration of Market Supervision will continue to deepen the publication of the annual reports of large enterprises, supervise and guide local market supervisory authorities to carry out detailed checks on the company information of large enterprises to prevent situations such as concealment and omission of reports.
Zhitongcaijing · 2d ago
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On September 14, the Information Office of the State Council held a routine policy briefing to introduce the work related to strengthening the management of repayment difficulties for small and medium-sized enterprises. Zhou Weijun, director of the Credit Supervision Department of the General Administration of Market Regulation, said that the “Regulations on Guaranteeing Payment of Funds for Small and Medium Enterprises” require enterprises to include information such as the number and amount of contracts that have not yet been paid to small and medium-sized enterprises in the annual report of the enterprise and publicize it through the National Enterprise Credit Information Publicity System. This system does not directly interfere with corporate payment decisions and actions; instead, it transforms contract performance that was originally known only to the parties to the transaction into publicly verifiable corporate credit information. The General Administration of Market Regulation will include large enterprises that do not publish relevant annual report information in accordance with the law and simultaneously push it to the relevant departments to form a closed loop of work. In the next step, the General Administration of Market Supervision will continue to deepen the publication of the annual reports of large enterprises, supervise and guide local market supervisory authorities to carry out detailed checks on the company information of large enterprises to prevent situations such as concealment and omission of reports.
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