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State Administration for Market Regulation: Prevent Large Enterprises from Delaying Payments to SMEs
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The State Administration for Market Regulation issued a notice on further implementing the "Anti-Unfair Competition Law of the People's Republic of China." It mentioned preventing large enterprises and other operators from delaying payments to small and medium-sized enterprises (SMEs). A multi-dimensional collaborative mechanism is to be established to govern the issue of large enterprises and other operators delaying payments to SMEs. A comprehensive assessment should be made on whether large enterprises and other operators hold a dominant position, considering factors such as their status in the industry, trading habits, and the impact on SMEs and the overall market order. The illegal behavior should be accurately identified, with the main subjects being large enterprises and other operators, who must exhibit specific behaviors of abusing their dominant position and require SMEs to accept obviously unreasonable trading conditions, resulting in delayed payments. If violations are confirmed, market regulatory departments at the provincial level or above can require the relevant enterprises to make corrections; if they refuse, they will be dealt with according to legal provisions. Depending on the case, lower-level market regulatory departments may be entrusted to verify and investigate. (da/u) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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