Protection of SMEs protection of economic vitality

A revised regulation ensuring payments for small and medium-sized enterprises, which will take effect on June 1, is expected to strengthen protection for the legal rights and interests of SMEs.

The regulation specifies the responsibilities of all parties concerned, detailing the role of departments at the national and local levels responsible for the comprehensive management of SME promotion, as well as the duties of relevant departments such as the National Development and Reform Commission and the Ministry of Finance in ensuring payments to SMEs.

In terms of supervision and complaint handling, the regulation specifies the responsibilities of county-level or higher governments and their relevant departments.