The Henan banking industry generally implements the creditor committee system throughout the province.

Abstract On March 29th, Henan Banking Regulatory Bureau and Banking Association jointly organized the signing of the agreement of the province's banking creditors committee. The heads of 125 banking institutions signed the creditor committee agreement for the first batch of 535 customers, and signed the creditors. Agreement 300...
On March 29th, Henan Banking Regulatory Bureau and the Banking Association jointly organized the signing of the agreement of the province's banking creditors committee. The heads of 125 banking institutions signed the creditor committee agreement for the first batch of 535 customers, and signed the creditor agreement. More than 3,000 households, involving loan balance of 905.788 billion yuan, accounting for 45% of the province's banking industry loans, which indicates that the creditor committee system is fully implemented in the province's banking industry.
In the face of the current downward pressure on the economy, the difficulties in business operations, and the poor communication between banks and banks, the Henan Banking Regulatory Bureau actively promoted the establishment and implementation of the creditor committee system, and established a platform and mechanism for creditors to communicate and coordinate to ensure Banks and businesses are united to tide over the difficulties. It is reported that the Henan Banking Regulatory Bureau has issued the "Notice on the Implementation of the Creditor Committee System in the Banking Industry of the Province", and has carefully deployed the establishment of the creditor committee. The first is to clearly define the scope of the formation. For debt financing in more than three (including) banking financial institutions, customers with debts of 300 million yuan or more must establish a creditor committee. The second is to determine the formation process. The main creditor's line is responsible for leading the establishment of the creditor committee, organizing the establishment of the creditors' committee meeting, and clarifying the list of the main creditor's rights and Other creditors. The third is to clarify the main responsibilities. Jointly support high-quality enterprises, jointly help difficult enterprises, and orderly exit zombie enterprises. The fourth is to improve the working mechanism. Establish an information sharing mechanism, a collective meeting mechanism, a unified credit mechanism, and a common advance and retreat mechanism. The fifth is to strengthen behavioral constraints. Sanctions were established for creditors who violated the creditor’s resolution, and the enterprises that maliciously evaded bank debt were attacked. The borrower believed that the creditor’s committee violated its own interests and could also appeal.
The implementation of the creditor committee system will help strengthen the information communication between banks in the province, establish a mutual trust and reciprocal relationship between banks and enterprises, and form a joint force to help difficult enterprises; help promote the accurate development of creditor banks, classify policies, and enhance support entities. The quality and efficiency of the economy; it is conducive to strengthening inter-bank coordination, breaking hidden risks such as guarantee circles and related credits, combating malicious escape of debts, and preventing financial risks.

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