CBRC Tells Local Branches to Set Up 'Creditor Committees' at Some Firms

(Beijing) – The country's financial regulators are setting up creditor committees at certain companies in an effort to prevent individual banks from causing a crisis by demanding early repayment of a loan.

Leaders at the China Banking Regulatory Commission (CBRC) arrived at the decision at a meeting in January, records of the meeting viewed by Caixin show.