Pan Gongsheng: The People's Bank of China is standardizing irregular practices in corporate accounts receivable management.

People’s Bank of China Governor Pan Gongsheng visited the Zhejiang provincial delegation’s residence on the afternoon of the 7th to listen to the review comments from the Zhejiang delegation’s group meeting. During the meeting, a company raised concerns about irregularities in accounts receivable management. In response, Pan Gongsheng stated that the People’s Bank of China is working to standardize irregular practices in companies’ accounts receivable management. “Last year, the central bank held talks with 10 automobile companies nationwide, which should have been effective. This year, we can also look at other industries to see if there are any typical cases, and we can do some more.” (Yicai)