Legal basis: Article 20 of the Law of People's Republic of China (PRC) on the Promotion of Small and Medium-sized Enterprises, when a small and medium-sized enterprise applies for secured financing with accounts receivable, the payer of its accounts receivable shall promptly confirm the creditor-debtor relationship and support the financing of the small and medium-sized enterprise. The state encourages small and medium-sized enterprises and payers to confirm the relationship between creditor's rights and debts through the accounts receivable financing service platform, so as to improve financing efficiency and reduce financing costs.