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According to the website of the Ministry of industry and information technology, in order to promote state organs, public institutions and large enterprises to timely pay for small and medium-sized enterprises and safeguard the legitimate rights and interests of small and medium-sized enterprises, in accordance with the law of the people's Republic of China on the promotion of small and medium-sized enterprises and other laws, the Ministry of industry and information technology drafted the administrative regulations on the management of timely payment for small and medium-sized enterprises (Draft for comments), which clearly stipulated the state organs Public institutions and large enterprises that purchase goods, projects and services from small and medium-sized enterprises shall pay within 30 days.
In addition, the draft will stipulate that if large-scale enterprises abuse their market advantages to force small and medium-sized enterprises to accept unreasonable payment terms or delay in payment to small and medium-sized enterprises, the market supervision and administration department shall order them to make corrections and impose a fine of not less than 100000 yuan but not more than 500000 yuan.