On September 7, 2026, the Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the “Notice on Promoting Standardized Payment of Supplier Accounts and Optimizing Account Period Management” for automobile enterprises, making it the country’s first special document targeting account period management in the automotive industry. The notice established five core guidelines: unifying the start time of account periods, setting a 3-day deadline for the acceptance of general parts and components, clarifying payment deadlines and calculating interest according to law, encouraging cash payments, and standardizing the proportion of payments during negotiations. In addition, automobile enterprises are required to report their account payment status at the end of January and July each year, and a third-party evaluation and public disclosure mechanism will be introduced. This measure aims to alleviate the payment pressure on small and medium-sized enterprises and enhance the stability of the industrial chain.
On September 7, 2026, the Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the “Notice on Promoting Standardized Payment of Supplier Accounts and Optimizing Credit Terms for Automobile Enterprises”, which is the country’s first special document addressing credit term management in the industry. The notice specifies five guidelines: unified starting time for credit terms, limited acceptance deadlines (3 days for general parts), agreed payment periods with legal interest calculation, encouragement of cash payments, and standardization of the proportion of upfront payments during negotiations. Automobile enterprises are required to report their account payment situations at the end of January and July each year, and a third-party evaluation and public disclosure mechanism will be introduced. This measure aims to alleviate the payment pressure on small and medium-sized enterprises and enhance the stability of the industrial chain.