解决企业账款拖欠问题需金融端发力

Core Insights - The increasing scale of accounts receivable and extended payment terms among enterprises pose significant risks to cash flow and operational stability, potentially leading to systemic financial risks [1][2][3] - The government is taking comprehensive measures to address the issue of delayed payments, emphasizing the importance of resolving this problem for economic stability and social credit [1][7] - The financial sector is expected to play a crucial role in alleviating the accounts receivable issue by providing necessary credit support and facilitating smoother cash flow [1][15] Group 1: Current Situation - As of May 2025, accounts receivable for large industrial enterprises reached 26.40 trillion yuan, a 9% year-on-year increase, with an average recovery period of 70.5 days, up by 4.1 days [1][2] - The construction and manufacturing sectors are particularly affected, with government departments and large enterprises being the main debtors, often exploiting their bargaining power to delay payments [2][3] Group 2: Internal Mechanisms - While credit sales are a normal business practice, malicious delays can lead to a collapse of commercial credit and supply chain disruptions [3][4] - The misuse of credit mechanisms by dominant market players exacerbates the issue, leading to increased cash flow pressure for smaller enterprises [3][4] Group 3: Causes of Delays - Economic downturns and the malicious practices of core enterprises contribute to the worsening accounts receivable situation [4][5] - Core enterprises often impose excessively long payment terms and stringent conditions, which further complicates the payment landscape for smaller suppliers [4][5] Group 4: Financial Solutions - Developing a diversified financial market can positively impact the resolution of accounts receivable issues, as seen in more developed economies [5][6] - Financial institutions can provide necessary credit support to enterprises facing temporary cash flow challenges due to delayed payments [6][15] Group 5: Domestic Practices - Strengthening legal frameworks and enhancing credit constraints are key measures being implemented to address the accounts receivable problem [7][8] - The government has initiated multiple rounds of debt clearance actions, establishing clear timelines and accountability measures [9][10] Group 6: International Practices - Various countries have established legal frameworks to enforce timely payments, with the EU and the UK setting strict payment deadlines and penalties for delays [11][12] - Efficient dispute resolution mechanisms are in place in several countries to assist small and medium enterprises in recovering debts [12][13] Group 7: Financial Sector's Role - The financial sector can alleviate accounts receivable issues by providing financing support, risk management, and credit restoration [15][16] - Innovations in supply chain finance can help convert accounts receivable into immediate cash flow, easing financial pressures on smaller enterprises [16][17] Group 8: Challenges Faced - The financial sector faces challenges such as the misuse of credit tools and the lack of transparency in accounts receivable management [18][19] - Regulatory gaps and the absence of a unified oversight mechanism complicate the resolution of accounts receivable issues [21][22] Group 9: Future Directions - To effectively address accounts receivable challenges, financial services must focus on regulatory compliance and proactive measures [22][23] - Establishing a collaborative ecosystem among various stakeholders, including government, banks, and industry associations, is essential for creating a supportive environment for timely payments [24]